Iran currency rates declined across most major currencies on December 11, according to the Central Bank of Iran (CBI). This change reflects ongoing economic pressures and currency fluctuations impacting the country’s trade and financial sectors. The CBI reported that 45 currencies lost value compared to December 10. The official rate for the US dollar is now 658,110 rials, while the euro stands at 766,680 rials, down from 769,620 rials. Similarly, the British pound decreased to 877,805 rials from 880,622 rials.
Other currencies also experienced declines. The Swiss franc fell to 819,721 rials, the UAE dirham to 179,199 rials, and the Kuwaiti dinar to 2,143,776 rials. Regional currencies such as the Turkish lira and Russian ruble also dropped to 15,442 rials and 8,357 rials, respectively. The CBI implements multiple exchange systems, including SANA and NIMA. In the SANA system, one euro costs 852,439 rials and one dollar is 731,725 rials. The NIMA system sets the euro at 827,611 rials and the dollar at 710,413 rials. These systems aim to stabilize the market and support export revenues.
On the black market, exchange rates remain significantly higher. A US dollar trades for approximately 1.22-1.25 million rials, while a euro reaches 1.42-1.45 million rials. Experts warn that the gap between official and unofficial rates may continue affecting inflation and import costs. Analysts note that Iran currency rates have been under pressure due to several factors. These include high domestic demand, limited foreign reserves, and international sanctions. The fluctuation of global markets also influences the rial’s value.
Officials emphasize that managing exchange rates is vital to maintaining economic stability. They encourage exporters to convert foreign earnings through formal channels to support national reserves. Meanwhile, currency traders monitor the situation closely for further adjustments. The recent decline in Iran currency rates could influence imports, investment decisions, and broader economic planning.
Experts observe that the government will continue interventions while developing long-term strategies to stabilize the rial. As Iran faces these currency challenges, businesses, investors, and households must adapt to the changing rates. The CBI updates official rates daily to offer guidance for economic planning.