Free Market Dollar Eased in the Morning but Climbed Back to 236,000 Tomans by Afternoon

Iran's free market dollar rate, which had eased 0.33 percent to 234,770 tomans by 11:29am today, Saturday, 21 Shahrivar 1405 (September 12, 2026), reversed course in the afternoon. According to Donya-e-Eqtesad, it reached 236,090 tomans by 1:41pm and 236,540 tomans by 2:29pm. Ecoiran reported the dollar returning to the 236,100 toman level later in the session, up about 2,910 tomans since Wednesday's close of 233,190 tomans.

Per Ecoiran, the swing came amid conflicting signals: on one side, President Pezeshkian's comments on ending the war and the Iran Oman agreement on the Strait of Hormuz set to be signed Monday, 23 Shahrivar (September 14); on the other, the temporary closure of the Shalamcheh and Chazzabeh border crossings and concerns over new US sanctions on Iran expected to be announced Monday. The euro also rose 1,000 tomans today to 271,000 tomans.