BAKU: The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on July 8, Trend reports via the CBI. Based on the bank's currency exchange rate, one currency price went up and 43 currency prices went down compared to July 7. As for CBI, $1 equals 389,020 Iranian rials, and one euro - 421,207 rials, while on July 7, one euro was 423,174 rials. In Iran, the official exchange rate is used for the import of some essential products. The SANA system is a system introduced by the Central Bank of Iran to the currency exchange offices, where the price of one euro is 501,982 rials and the price of $1 is 463,622 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 468,704 rials, and the price of $1 was 432,887 rials. On the black market, $1 is worth about 598,000-601,000 rials, while one euro is about 649,000-652,000 rials. Source: Trend News Agency
