The Central Bank of Iran (CBI) released official foreign currency rates for Monday, February 16, showing mostly upward movement across the market. The update reflects ongoing adjustments within the Iran Currency Exchange, as demand for major currencies remains firm. CBI figures show that 43 foreign currencies gained value, while two currencies declined against the Iranian rial compared with February 15. This pattern confirms a broadly positive trend in the Iran Currency Exchange, led by the US dollar and the euro, which both recorded clear gains in the official market.
Under the new rates, the US dollar trades at 1,282,967 rials, rising from 1,279,976 rials a day earlier. The euro increased to 1,522,306 rials, up from 1,517,554 rials. Other major currencies also strengthened. The British poundclimbed to 1,750,735 rials, while the Swiss franc rose to 1,667,692 rials. These movements point to steady, controlled changes rather than sharp volatility. Regional currencies followed the same direction. The UAE dirham strengthened to 349,344 rials, and the Saudi riyaladvanced to 342,125 rials. The Iraqi dinar, quoted per 100 units, edged up to 97,923 rials. These gains highlight stable regional demand within the official Iran Currency Exchange framework.
Asian currencies also posted incremental increases. The Chinese yuan, Japanese yen, and South Korean won all moved higher within narrow ranges. Their performance suggests gradual adjustments aligned with broader market trends. Only a small number of currencies weakened. The Thai baht, quoted per 100 units, slipped to 4,127,891 rials. The Turkmen manat declined to 366,598 rials. The Venezuelan bolívar showed no movement and remained fixed at 3,260 rials.
Alongside the official rate list, the CBI continues to apply the SANA system for licensed exchange offices. Under this system, the US dollar is set at 1,364,714 rials, while the euro stands at 1,619,303 rials. These prices remain higher than the standard official rates and guide authorized currency trading. Despite these measures, a wide gap persists between official pricing and the open market. In unofficial trading, dealers quote the dollar between 1.57 million and 1.6 million rials. They price the euro at about 1.87 million to 1.9 million rials. This gap continues to underscore the structural divide between regulated rates and market-driven valuations.