Iran Adjusts Official Exchange Rates Amidst Varied Currency Performance


Tehran – In a significant financial update, the Central Bank of Iran (CBI) has released its latest official currency exchange rates for September 10, reflecting varied performance across different currencies.



According to Trend News Agency, the CBI’s recent announcement highlighted changes in the exchange rates where 44 currency prices increased and two decreased from the previous day. On September 10, the bank set the value of $1 at 426,161 Iranian rials and the euro at 470,574 rials. This marks a slight increase in the euro’s value from 469,134 rials on September 9.



The CBI continues to use the SANA system for its currency exchange offices, which now lists the euro at 544,985 rials and the U.S. dollar at 493,549 rials. Additionally, the NIMA system, used for selling a portion of foreign currency earnings from exports, priced the euro at 505,552 rials and the dollar at 457,838 rials.



Parallel to the official and regulated systems, the black market rates remain substantially higher, with the dollar trading between 592,000 to 595,000 rials and the euro fetching between 653,000 to 656,000 rials.