Tehran: The Central Bank of Iran (CBI) has released the official exchange rates for foreign currencies as of August 19, Trend reports.
According to Trend News Agency, the value of 45 currencies dropped compared to August 18.
The official rate for the US dollar is now set at 567,640 rials, while the euro is valued at 662,342 rials. The previous day, the euro was priced at 671,981 rials. Other currencies have also seen a decrease in their exchange rates. For instance, the British pound is now at 767,384 rials, down from 778,943 rials, and the Swiss franc at 703,569 rials compared to its previous rate of 712,041 rials.
The CBI has adopted the SANA system for currency exchange offices, setting the euro at 840,238 rials and the US dollar at 720,100 rials. Additionally, the NIMA scheme, designed for selling a percentage of foreign currency earned from exports, lists the euro at 815,764 rials and the dollar at 699,126 rials. On the black market, the US dollar is valued between 935,000-938,000 rials, while the euro fetches between 1.06-1.09 million rials.