BAKU, Azerbaijan, September 29. The volume of currency exchange in Iran’s Trade Currency Market has reached $14.3 billion from the beginning of the current Iranian year (March 21, 2025) until September 28, 2025.
Data obtained by Trend from the Iran Center for Exchange of Currency & Gold (or ICE in short) indicates that sales during this period included $7.83 billion (the US), 17.9 billion dirhams (United Arab Emirates), 581 million euros, 1 billion rupees (India), 104 million won (South Korea), 6.02 billion yuan (China), 134 million yen (Japan), and 2.24 billion rubles (Russia).
The communiqué indicated that on September 27, the Trade
Currency Market registered transactional volumes approximating $190
million. This encompassed a financial allocation of $69 million
(United States), 153 million dirhams (United Arab Emirates), 3.4
million euros, 513 million yuan (People's Republic of China), and
151 million rubles (Russian Federation).
As per the latest communiqué from the Central Bank of Iran, the
sanctioned forex rate is currently pegged at 578,920 rials for one
United States dollar and 677,496 rials for one euro. The fiscal
parameters delineated for financial institutions and currency
exchange entities via the SANA framework were established at
719,874 rials for each dollar and 842,451 rials for each euro.
In the context of the NIMA framework, which mandates that exporters
reintegrate a portion of their foreign currency revenues into the
local economic ecosystem, the exchange rates were established at
698,906 rials for one dollar and 817,913 rials for one euro.
In the clandestine exchange arena, the dollar oscillated between
1.1 to 1.13 million rials, whereas the euro exhibited a range from
1.29 to 1.32 million rials.
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