Tehran: Iran’s Central Bank has published the official exchange rates for foreign currencies on November 2, setting the stage for a slight fluctuation in the value of various currencies against the Iranian rial. According to these updated figures, a total of 35 currency prices saw an increase, while nine experienced a decrease compared to the rates on October 31.

According to Trend News Agency, the Central Bank of Iran (CBI) has pegged the exchange rate for the US dollar at 444,954 Iranian rials, a modest increase from the previous rate of 444,081 rials. Similarly, the euro has seen a slight rise in value, now standing at 482,740 rials compared to 482,447 rials on October 31.

The British pound showed a decrease, with the exchange rate dropping to 576,597 rials from the earlier rate of 577,763 rials. Meanwhile, the Swiss franc also experienced a decline, now valued at 511,183 rials from 512,500 rials.

Other notable changes include the Indian rupee, which increased to 5,294 rials from 5,281 rials, and the Ku
waiti dinar, which rose to 1,450,725 rials from 1,448,728 rials. The Japanese yen also saw an uptick, now at 290,917 rials per 100 yens, up from 289,919 rials.

In terms of the regional currencies, the UAE dirham increased to 121,158 rials from 120,921 rials, and the Qatari riyal rose to 122,240 rials from 122,000 rials. Conversely, the Russian ruble experienced a slight decrease, moving to 4,557 rials from 4,582 rials.

The CBI utilizes the SANA system for determining currency exchange rates in official exchange offices, where the euro is priced at 550,454 rials and the US dollar at 507,367 rials. In the NIMA system, designated for the sale of a portion of foreign money earned through exports, the euro is priced at 535,461 rials and the dollar at 493,548 rials.

In the unofficial black market, the dollar commands a significantly higher rate, priced between 686,000 and 689,000 rials, while the euro ranges from 747,000 to 750,000 rials.