BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on May 29, Trend reports via the CBI.

Based on the bank’s currency exchange rate, 24 currency prices increased, while 10 fell compared to May 28.

As for CBI, $1 equals 42,000 Iranian rials, and one euro equals 45,691 rials, while on May 28, one euro was 45,610 rials.

In Iran, the official exchange rate is used for the import of some essential products.

SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of 1 euro is 490,845 rials, and the price of $1 is 450,845 rials.

NIMA is a scheme for selling a percentage of the foreign money earned from exports.

The price of one euro in this system amounted to 457,951 rials, and the price of $1 was 420,957 rials.

On the black market, $1 is worth about 583,000-586,000 rials, while one euro is about 635,000-638,000 rials.

Source: Trend News Agency