Free-market dollar retreats Monday, easing to the 188,000 to 190,000 toman range

The free-market US dollar fell on Monday, July 20, 2026 (29 Tir 1405) from the previous day, trading in the 188,000 to 190,000 toman range according to market reports, a drop of about 2 to 3 percent from the roughly 193,000 toman level of Sunday. The rate recorded on Sahmino's price feed as of 2:30 p.m. the same day was about 188,000 toman, down close to 2.7 percent.

According to Donya-e-Eqtesad, other currencies also retreated: the UAE dirham eased to about 52,390 toman and the pound to about 256,000 toman, while the free-market euro traded near 217,000 toman. The currency decline coincided with falling gold and coin prices in the domestic market and a rise in the Tehran Stock Exchange main index the same day.