Iran Announces New Currency Exchange Rates for August 11

The Central Bank of Iran (CBI) has announced new currency exchange rates for August 11. The official rate for $1 is now 1,529,455 rials, while one euro is valued at 1,766,708 rials.

Compared to the previous day's rates, the value of 41 currencies increased, while five currencies decreased in value. For example, the British pound saw a small increase from 2,057,225 rials on August 10 to 2,068,573 rials on August 11.

The CBI also adopted the SANA system for currency exchange offices, where one euro costs 1,792,115 rials and $1 costs 1,551,450 rials. On the black market, $1 is worth around 1.85-1.88 million rials, while one euro is valued at 2.13-2.16 million rials.