Free Market Dollar in Tehran Falls 1,300 Tomans to 186,000 Tomans

Tehran's currency and gold markets fell on Sunday, August 16, 2026 (25 Mordad 1405). According to Ecoiran, the free market US dollar dropped 1,300 tomans, about 0.7 percent, from 187,300 tomans the previous day to 186,000 tomans, while Tether fell 1,000 tomans to 185,700 tomans. By contrast, the official Currency Exchange Center's remittance dollar rose 265 tomans to 155,428 tomans, widening the gap with the free market rate to about 30,572 tomans. The euro fell 950 tomans to 215,700 tomans and the UAE dirham dropped 500 tomans, about 1 percent, to 50,400 tomans. In the coin market, the Emami gold coin fell 800,000 tomans to 189.2 million tomans, with its premium over intrinsic value narrowing to negative 1.4 percent. Melted gold fell 160,000 tomans to 82.55 million tomans. The global spot gold price was little changed near 4,377 dollars an ounce. Ecoiran cited developments around the Strait of Hormuz, the government's expected decision within 10 to 15 days on gasoline distribution and pricing, and the central bank governor's trip to Iraq to expand banking cooperation as factors influencing today's trading.