On July 7, the Central Bank of Iran (CBI) released updated official exchange rates showing divergent trends across foreign currencies against the Iranian rial. While the value of several currencies fell compared to July 2, a handful saw an increase in their official rates.
The US dollar’s official exchange rate settled at 1,333,256 rials per dollar, marking a slight decrease from previous days, while the euro softened marginally to 1,523,294 rials. This contrasts with the CBI’s prior figures, reflecting subtle shifts in Iran’s foreign exchange market.
The CBI listed official exchange rates for a wide range of currencies. Notably, seven currencies including the Swiss franc, Norwegian krone, and South Korean won rose in rial terms. Meanwhile, 39 currencies, such as the British pound, Turkish lira, and Russian ruble, experienced declines against the rial.
The official rates also differ from those in the SANA system, used by currency exchange offices in Iran, where one euro trades at 1,692,817 rials and the US dollar at 1,481,630 rials. This gap underscores varying valuations within Iran’s dual exchange frameworks.
In the informal black market, the disparity widens further, with the US dollar valued between 1.75 and 1.78 million rials and the euro reaching as high as 2 to 2.03 million rials. This reflects ongoing tensions between official and parallel currency markets in Iran's complex economic landscape.