The Central Bank of Iran (CBI) announced an official rate for foreign currencies on November 20, Trend reports. According to the currency exchange rate for the Central Bank of Iran, 16 currencies increased and 16 decreased in price compared to November 19. According to the CBI, $1 equals 42,000 Iranian rials, and 1 euro equals 45,743 rials. In Iran, the official exchange rate is used for the import of some essential products. The SANA system is a system introduced by the Central Bank of Iran to the currency exchange outlets, where the price of 1 euro is 453,095 rials and the price of $1 is 416,021 rials. NIMA is a system intended for the sale of a certain percentage of the foreign currency gained from exports. The price of 1 euro in this system is 411,905 rials, and the price of $1 is 378,201 rials. On the black market, $1 is worth about 498,000-501,000 rials, while 1 euro is worth about 544,000-547,000 rials. Source: Trend News Agency