BAKU: The Central Bank of Iran (CBI) issued an official foreign currency rate on March 18, Trend reports. Based on the bank's currency exchange rate, eight currency prices grew while 13 fell from March 17. The CBI states that $1 equals 42,000 Iranian rials and one euro equals 45,747 rials. On March 17, one euro was 45,752 rials. In Iran, the official exchange rate is used for the import of some essential products. The CBI established the SANA system, which values one euro at 473,512 rials and $1 at 434,725 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 441,709 rials, and the price of $1 - 405,527 rials. On the black market, $1 is worth about 597,000-600,000 rials, while one euro is about 651,000-654,000 rials. Source: Trend News Agency
