I n a bylaw sent to banks and credit institutions, the Central Bank of Iran announced new official rates for foreign currencies.

As per the rule, one euro will be equal to 129,000 rials and the US dollar worth 110,000 rials (or equivalent in other currencies).

Henceforth the official rate will be the benchmark for banks converting forex debts and assets into rials, IBENA reported.

financialtribune