Tehran: The Central Bank of Iran (CBI) has released the official exchange rates for foreign currencies as of September 13.
According to Trend News Agency, the value of 43 currencies increased, while 3 currencies decreased compared to September 11.
The official rate for 1 US dollar stands at 577,675 rials, showing a slight decrease from 580,301 rials on September 11. Similarly, the euro has been valued at 676,709 rials, down from 679,799 rials previously. Other notable changes include the British pound, which is now set at 782,456 rials, a decrease from 786,101 rials, and the Swiss franc, now at 724,360 rials from 727,248 rials.
The exchange rate adjustments also reflect in minor currencies, with the Swedish kr³na showing an increase to 61,795 rials from 52,144 rials. The Norwegian krone slightly decreased to 58,432 rials from 58,559 rials, and the Danish krone fell to 90,657 rials from 91,052 rials.
The CBI has adopted the SANA system for exchange offices, where the cost of one euro is 843,770 rials, and $1 costs 720,287 rials. Additionally, the NIMA scheme, which involves selling a portion of the foreign currency earned from exports, sets the euro at 819,193 rials and the dollar at 699,307 rials.
On the black market, the exchange rates are significantly higher, with $1 valued between 899-992 thousand rials and one euro ranging from 1.13-1.16 million rials.