Tehran: The Central Bank of Iran (CBI) released the official exchange rates for various foreign currencies effective October 14, with updates indicating shifts in the value of several major currencies.
According to Trend News Agency, the CBI’s latest report shows that the exchange rates for 43 currencies have increased, while three have seen a decrease compared to the rates on October 13. The official rate for the US dollar now stands at 442,996 Iranian rials, and the euro is valued at 484,387 rials. This represents a slight appreciation in the euro from 482,179 rials on the previous day.
The CBI also utilizes the SANA system for currency exchange offices, setting the rate for one euro at 542,721 rials and the US dollar at 496,106 rials. Additionally, the NIMA system, which is used for selling a portion of foreign currency earnings from exports, lists the euro at 519,351 rials and the US dollar at 477,744 rials.
Contrastingly, the black market rates significantly differ, with the US dollar trading between
625,000 and 628,000 rials, and the euro fluctuating between 683,000 and 686,000 rials.