BAKU, Azerbaijan, April 16. Various foreign currencies were sold at the Iran Center for Exchange of Currency and Gold (ICE) at the NIMA rate for $108 million on April 15, the Central Bank of Iran (CBI) said, Trend reports.
According to the CBI, a total of $265 million worth of foreign currency was put up for sale at the ICE the day before.
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 44,703 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 463,719 rials, and $1 was worth 435,677 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 in this system amounted to 432,646 rials, and the price of $1 was 406,483 rials.
On Iran's black market, $1 is worth about 665,000–668,000 rials, while one euro is about 708,000–711,000 rials.
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