Iran’s Central Bank Updates Official Currency Exchange Rates

Tehran:The Central Bank of Iran (CBI) has announced the official exchange rates for various foreign currencies as of November 9. This update reflects changes in the value of 45 currencies compared to the previous day, with all but one currency showing an increase in value.

According to Trend News Agency, the official rate for the US dollar stands at 1,901,821 rials, and one euro is valued at 2,118,928 rials. The euro's value increased from 2,115,084 rials on November 8, while the dollar's rate also saw an increase from its previous rate of 1,898,025 rials.

The CBI's announcement includes the adoption of the SANA system for currency exchange offices, maintaining the euro and dollar rates consistent with the official figures. In contrast, on the black market, the exchange rate for the dollar ranges between 2.65 to 2.68 million rials, and the euro is valued between 2.96 to 2.99 million rials.