Free market dollar retreats to 189,020 tomans as the euro and the dirham also fall

The dollar on Iran's free market fell on Wednesday, 5 August 2026 (14 Mordad 1405), to 189,020 tomans, down 3,860 tomans from the 192,880 tomans recorded on the previous trading day, Monday 12 Mordad. Sahmino's own price data put the dollar at around 189,200 tomans as of 13:22 on Wednesday, a fall of roughly 2 percent on the day.

The decline was not confined to the dollar. The euro fell 3,950 tomans to 218,210 tomans, the UAE dirham fell 1,046 tomans to 51,278 tomans, and the Turkish lira fell 80 tomans to 3,970 tomans. Over the same period the Iraqi dinar edged up by one toman to 133 tomans.

According to Eghtesad Online, market participants attribute the fall to traders reacting to regional political developments, speculation about the status of the Strait of Hormuz, and a relative easing of inflation expectations. Notably, domestic markets moved in opposite directions that day: as the exchange rate retreated, the price of 18 carat gold and the global gold ounce both rose.