The Central Bank of Iran released the latest Iran currency rates for November 5, revealing continued fluctuations in the rial’s value. The updated data shows the local currency losing ground against major international currencies, reflecting ongoing pressure in the foreign exchange market.
According to the bank’s report, the official exchange rate for one US dollar reached 575,283 rials. The euro was listed at 661,015 rials, marking a slight rise from the previous day’s 660,855 rials. The new Iran currency rates indicate that 38 currencies appreciated while seven declined compared to November 4.
In addition to the official figures, the Central Bank shared values from the SANA system, used by exchange offices nationwide. Under SANA, one US dollar traded for 726,516 rials, while the euro stood at 834,785 rials. These higher market-based figures highlight the significant gap between official and real-market exchange rates.
The NIMA system, designed to facilitate currency transactions for exporters, showed different rates as well. In this framework, the dollar traded at 705,355 rials, and the euro at 810,471 rials. NIMA allows exporters to sell part of their foreign currency earnings, supporting importers and reducing pressure on cash markets.
However, the unofficial market continues to show a much weaker rial. On the black market, the US dollar traded between 1.05 and 1.08 million rials, while the euro ranged from 1.21 to 1.24 million rials. This persistent gap between official and informal rates illustrates ongoing currency challenges in Iran.
Economic observers note that differences among the three systems—official, SANA, and NIMA—complicate market transparency. Businesses face difficulty planning import and export costs, while consumers encounter rising prices for foreign goods.
Experts warn that unless foreign currency inflows improve, Iran currency rates will likely remain volatile. Fluctuations also reflect external pressures, such as international sanctions and limited oil revenue repatriation.
Despite the Central Bank’s efforts to stabilize the market, currency disparities continue to affect investor confidence. Analysts expect the rial’s future performance to depend on government policy, trade activity, and geopolitical developments in the region.
The November 5 update underscores Iran’s ongoing struggle to manage its exchange systems effectively. For now, the Iran currency rates reveal a widening divide between official policies and market realities.