Iran's Official Dollar Rate Hits 1.68 Million Rials
The Central Bank of Iran set the official dollar rate at 1,675,988 rials on September 21, widening the gap with black market prices.
Key points
- The official US dollar rate in Iran reached 1,675,988 rials on September 21.
- The euro was valued at 1,924,995 rials in the official central bank rate.
- Black market prices for the dollar stood at approximately 2.30 to 2.33 million rials.
The official exchange rate for one US dollar rose to 1,675,988 rials on September 21. The Central Bank of Iran announced that 46 foreign currencies gained value against the local unit.
The euro reached an official rate of 1,924,995 rials, up from 1,913,683 rials on the previous day. This daily adjustment reflects the central bank's continued management of the rial's value.
Official rates show broad currency gains
The British pound climbed to 2,244,642 rials, while the Swiss franc reached 2,036,893 rials. The Kuwaiti dinar was valued at 5,436,464 rials, marking a steady increase from the prior day.
Regional currencies also appreciated in the official channel. The Turkish lira stood at 34,354 rials, and the Russian ruble was priced at 19,905 rials. These figures indicate a consistent trend of rial depreciation across major trading partners.
Black market prices remain significantly higher
Unofficial market rates for the dollar range between 2.30 and 2.33 million rials. The euro trades at 2.64 to 2.67 million rials in these parallel channels.
This disparity highlights the gap between state-controlled and open market pricing. The Central Bank uses the SANA system to regulate official exchange offices. As reported by trend.az, this dual-rate structure persists despite regulatory efforts to unify currency transactions.
