Iran Releases New Currency Exchange Rates Amid Market Fluctuations

The Central Bank of Iran (CBI) released official exchange rates for foreign currencies as of July 28. According to the CBI, the value of 46 currencies increased compared to July 27. The official rate for $1 is now at 1,448,405 rials, while one euro is valued at 1,647,742 rials.

The CBI also adopted the SANA system for currency exchange offices, where one euro costs 1,725,994 rials and $1 costs 1,517,870. On the black market, $1 is worth around 1.87-1.90 million rials, while one euro is worth 2.12-2.15 million rials.