Tehran: The Central Bank of Iran (CBI) has issued the official exchange rates for foreign currencies as of August 20, as reported by Trend News Agency. The new rates show an increase in the value of 45 currencies compared to the rates on August 19.
According to Trend News Agency, the official rate for one US dollar is now set at 576,774 rials, up from 567,640 rials the previous day. The euro has also seen an increase, valued at 672,523 rials compared to 662,342 rials on August 19. Among other currencies, the British pound is now priced at 778,193 rials, an increase from 767,384 rials.
Additionally, the Swiss franc rose to 714,722 rials from 703,569 rials, while the Swedish kr³na increased to 60,149 rials from 59,383 rials. The Norwegian krone is now valued at 56,136 rials, up from 55,643 rials, and the Danish krone has increased to 90,095 rials from 88,742 rials.
The Indian rupee also saw a rise, now valued at 6,627 rials compared to the previous 6,501 rials. The UAE Dirham increased to 157,052 rials from 154,565 rials, and the Kuwaiti dinar is now 1,886,660 rials, up from 1,857,041 rials. Other notable increases include the Japanese yen, now at 390,420 rials, and the Hong Kong dollar at 73,947 rials.
The CBI employs the SANA system for currency exchange offices, where the euro costs 839,716 rials and the US dollar is priced at 720,163 rials. Meanwhile, the NIMA scheme, designed for selling a percentage of foreign earnings from exports, lists the euro at 815,257 rials and the US dollar at 699,187 rials.
On the unofficial black market, the exchange rates are significantly higher, with the US dollar trading between 931,000 and 934,000 rials, and the euro between 1.06 and 1.09 million rials.