Iran announced its official currency exchange rates for November 19, revealing changes across multiple currencies. The updated figures reflect the current situation in Iran’s financial sector. Currency exchange rates are an important reference for businesses, importers, and individuals dealing with foreign money.
The Central Bank of Iran (CBI) reported that the value of 29 foreign currencies increased, while 14 currencies experienced slight decreases compared to the previous day. The official rate for the US dollar reached 596,797 rials, while the euro was set at 691,027 rials. These figures show small but noticeable adjustments from November 18. Currency exchange rates for other major currencies, including the British pound, Swiss franc, and Japanese yen, also displayed minor fluctuations.
For example, the British pound decreased slightly to 784,736 rials, while the Swiss franc fell to 746,292 rials. The Japanese yen dropped to 383,934 rials, and the Indian rupee rose marginally to 6,740 rials. Similarly, regional currencies like the UAE dirham, Kuwaiti dinar, and Qatari riyal showed slight movements. These adjustments are part of ongoing efforts to reflect real market trends in Iran.
The CBI also operates the SANA system for currency exchange offices. In this system, one euro costs 852,285 rials, and one US dollar is valued at 736,065 rials. Meanwhile, the NIMA framework sets a slightly lower rate for businesses converting export revenues. Under NIMA, one euro amounts to 827,461 rials, and a US dollar equals 714,626 rials. These multiple systems allow both public and private sectors to manage foreign currency transactions efficiently.
Outside the official channels, black market rates remain significantly higher. The US dollar trades between 1.09 and 1.12 million rials, while the euro ranges from 1.27 to 1.30 million rials. Such differences highlight the continuing gap between official and unofficial exchange rates in Iran. Currency exchange rates have remained a critical factor in the economy, influencing trade, investments, and everyday financial decisions.
The latest announcement underscores the importance of monitoring official rates. Market participants, importers, and exporters rely on accurate currency exchange rates to plan transactions effectively. As Iran’s economy continues to navigate fluctuations, these updates help maintain transparency and guide financial operations.