Iran releases currency exchange rates for October 12

The Central Bank of Iran (CBI) put up an official exchange rate for foreign currencies on October 13, Trend reports via the CBI. According to the bank's currency exchange rate, 45 currencies increased to October 12. As for CBI, $1 equals 440,764 Iranian rials and one euro is 482,179 rials, while on October 12, one euro was 485,008 rials. The CBI adopted the SANA system for currency exchange offices, where one euro costs 547,650 rials and $1 costs 500,612 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 524,068 rials, and the price of $1 totals 479,055 rials. On the black market, $1 is worth about 623,000-626,000 rials, while one euro is about 682,000-685,000 rials. Source: Trend News Agency

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