TEHRAN – The Central Bank of Iran (CBI) announced new official exchange rates for various foreign currencies as of September 11, showing a mix of increases and decreases in values compared to previous rates.

According to Trend News Agency, the CBI reported that out of the total currencies tracked, prices for 42 increased while three decreased as of the latest update. Specifically, the exchange rate for the US dollar is now set at 427,348 Iranian rials, and the euro is valued at 471,205 rials. This represents a slight increase for the euro from September 10, where it stood at 470,574 rials.

The CBI utilizes the SANA system for currency exchange offices, under which the euro and dollar are priced higher than the official bank rates. Currently, the SANA system lists the euro at 544,525 rials and the US dollar at 493,843 rials. Additionally, the NIMA system, which is used for selling a percentage of foreign currency earnings from exports, sets the euro at 505,594 rials and the US dollar at 458,536 rials.

Meanwhile, on the black market, which often reflects more volatile pricing, the US dollar is trading between 593,000 and 596,000 rials, and the euro fluctuates between 655,000 and 658,000 rials. These market rates significantly surpass those offered through official channels, underscoring the ongoing economic pressures and market speculations affecting Iran’s currency valuation.