Tehran—The Central Bank of Iran (CBI) announced updated exchange rates for multiple foreign currencies effective October 6, reflecting significant fluctuations within various exchange systems.

According to Trend News Agency, citing the CBI, there was a notable depreciation in 46 currencies against the Iranian rial from the previous day. The official rate now sets $1 at 443,217 Iranian rials and the euro at 486,545 rials. This marks a decrease from October 2, where one euro was valued at 495,338 rials.

The CBI has implemented the SANA system for currency exchange offices, which now lists one euro at 547,546 rials and $1 at 498,785 rials. Additionally, under the NIMA system, which is used for selling a portion of foreign currency earnings from exports, the euro and dollar are trading at 518,018 and 471,887 rials respectively.

Parallel to official rates, the black market shows a stark contrast, with $1 trading between 620,000 and 623,000 rials, and the euro between 681,000 and 684,000 rials, highlighting the ongoing volatility in Iran’s currency market.