BAKU: The Central Bank of Iran (CBI) announced an official rate for foreign currencies on March 4, Trend reports. According to the Central Bank of Iran's currency exchange rate, 15 currencies increased in price, and 10 decreased in price compared to March 3. The CBI states that one US dollar equals 42,000 Iranian rials and one euro equals 45,450 rials, compared to 45,532 rials on March 3. In Iran, the official exchange rate is used for the import of some essential products. The SANA system is a currency exchange system implemented by the Central Bank of Iran in which the price of one euro is 464,455 rials and the price of one dollar is 429,203 rials. NIMA is a scheme for selling a percentage of the foreign money earned from exports. The price of 1 euro in this system is 431,385 rials, and the price of $1 is 398,643 rials. On the black market, $1 is worth about 592,000-595,000 rials, while 1 euro is worth about 643,000-646,000 rials. Source: Trend News Agency