Tehran: The Central Bank of Iran (CBI) has released the official exchange rates for foreign currencies as of October 2.
According to Trend News Agency, the value of 45 currencies dropped compared to October 1.
The official rate for $1 is 581,717 rials, while one euro is valued at 682,111 rials. On October 1, the euro was priced at 691,289 rials. The report indicates a decline in the value of several currencies against the Iranian rial.
Specific currency rates announced by the CBI include 783,909 rials for 1 British pound, 728,775 rials for 1 Swiss franc, and 62,028 rials for 1 Swedish kr³na. Other notable rates include 158,398 rials for 1 UAE Dirham, 1,903,270 rials for 1 Kuwaiti dinar, and 206,022 rials for 100 Pakistani rupees.
Additionally, the CBI’s SANA system, used for currency exchange offices, sets the rate for one euro at 848,008 rials and $1 at 723,197 rials. Another system, NIMA, designed for selling foreign money earned from exports, prices one euro at 823,309 rials and $1 at 702,133 rials.
On the black market, the rates differ significantly, with $1 valued at approximately 1.13 to 1.16 million rials and one euro ranging between 1.33 to 1.36 million rials.