BAKU, Azerbaijan, April 9. Various foreign currencies sold at Iran's Foreign Exchange and Gold Exchange Center at the NIMA rate decreased by $54.1 million on April 8 compared to April 7, the Central Bank of Iran (CBI) said, Trend reports.
According to the information, $96.8 million worth of foreign currency was sold in Iran's Foreign Exchange and Gold Exchange Center on April 8. Meanwhile, on April 7, foreign currency worth nearly $151 million was sold in Iran's Foreign Exchange and Gold Exchange Center. A total of about $275 million worth of foreign currency was sold on April 7.
To note, Iran's Currency and Gold Exchange Center started operating on February 21, 2023, to prevent a sharp rise in the prices of foreign currencies on the black market.
The official exchange rate of the CBI today is $1, which is 42,000 rials, and one euro, which is 45,582 rials. The CBI notes that several goods can be imported at this rate.
The exchange rate announced by the CBI to banks and exchange offices is called the SANA system. According to this system, one euro was worth 472,834 rials, and $1 was worth 434,677 rials.
The system in Iran in which businessmen sell a certain portion of foreign currency obtained by exporting products to the country's economy is called NIMA. According to this system, the price of one euro is 441,150 rials, and the price of $1 is 406,483 rials.
The price of $1 in Iran's black market ranges from 632,000 to 635,000 rials, and the price of one euro ranges from 686,000 to 689,000 rials.
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