Iran’s Gold and Currency Exchange Center announced a single price for foreign currency trading, marking a significant change for the financial sector. Consequently, all purchases and sales now follow uniform rates, simplifying transactions for businesses and individuals. The center set the selling price of one U.S. dollar for remittances at 1.26 million rials, while the buying price reached 1.25 million rials. Similarly, the euro traded at a selling price of 1.47 million rials and a buying price of 1.45 million rials. In addition, the UAE dirham sold for 345,650 rials and bought at 342,540 rials.
Ali Saeedi, CEO of the Iranian Gold and Currency Exchange Center, explained that the single-price system ensures all transactions follow the same rate. Moreover, he added that buyers must use the fixed rate to purchase foreign currency. This policy follows the Central Bank of Iran’s recent decision to regulate currency trading more strictly. Since January 13, authorities have exchanged official currencies mainly through remittances. Furthermore, they stopped publishing banknote prices and authorized currency exchange offices to trade under the new rules.
Market analysts expect that standardizing foreign currency rates may reduce volatility. By offering a clear, single rate, the authorities aim to stabilize the rial. Consequently, importers, exporters, and remittance holders can plan ahead with more certainty. Investors are closely watching how this change affects demand and trading patterns. Experts also note that centralizing foreign currency operations limits speculation and improves market transparency. In addition, transparent rates help economic planning and strengthen public confidence in financial institutions.
Looking ahead, the Central Bank and the Gold and Currency Exchange Center will monitor market reactions carefully. If fluctuations continue, they may adjust rates accordingly. Ultimately, their goal is to keep the foreign currency market stable and accessible. Overall, the single-price system strengthens Iran’s financial infrastructure. By consolidating rates and removing inconsistencies, the government provides a clear benchmark for transactions. Therefore, individuals and businesses now follow a consistent framework when buying and selling foreign currency, supporting economic stability and predictability.