Tehran: The Central Bank of Iran (CBI) has published the official exchange rates for foreign currencies as of October 26, Trend reports. The update shows fluctuations in the value of various currencies, with 12 currencies appreciating and 30 depreciating in comparison to October 25.
According to Trend News Agency, the official exchange rate for the US dollar is set at 561,652 rials, showing a slight decrease from the previous day’s rate of 561,833 rials. Meanwhile, the euro has appreciated slightly, with its value rising to 654,120 rials from 653,152 rials on October 25. The British pound is priced at 747,516 rials, up from 747,015 rials.
Other notable changes include the Swiss franc, which is now valued at 705,870 rials, a decrease from 705,935 rials. The Swedish kr³na and Norwegian krone are set at 59,747 rials and 56,126 rials, respectively, both showing minor depreciation from the previous day. The Indian rupee remains steady at 6,395 rials.
The CBI also noted changes in some Middle Eastern currencies, with the UAE Dirham slightly decreasing to 152,935 rials and the Kuwaiti dinar falling to 1,831,412 rials. The Omani rial experienced a significant drop to 1,145,726 rials from 1,459,409 rials, while the Saudi riyal decreased to 149,774 rials.
On the regional front, the Turkish lira is now valued at 13,390 rials, while the Russian ruble has dropped to 6,999 rials. The South African rand and the Chinese yuan are priced at 32,544 rials and 78,869 rials, respectively.
In the broader market, the CBI has adopted the SANA system for currency exchange offices, where the euro is priced at 840,822 rials and the US dollar at 724,538 rials. The NIMA system, which serves as a strategic framework for monetizing foreign currency from exports, lists the euro at 819,245 rials and the dollar at 703,435 rials.
On the black market, there is a stark contrast, with the US dollar trading between 1.03-1.06 million rials and the euro ranging from 1.21-1.24 million rials, highlighting the significant disparity between official and unofficial exchange rates.