Tehran's free market dollar rate fell from the previous day to 229,090 tomans on Thursday, September 17, 2026 (26 Shahrivar 1405), according to Donya-e-Eqtesad. Sahmino's own pricing data, recorded at 11:29am the same day, put the dollar at 228,700 tomans, down 0.79 percent day over day.
The dollar's recent decline has coincided with lower toman prices for domestic gold and coins, even as the global per ounce gold price rose over the same period. Currency market volatility in recent weeks has been shaped by regional developments, including Strait of Hormuz tensions and Persian Gulf oil export disruptions.
Source
Donya-e-Eqtesad
Related news
Bank of Japan Raises Rate to 1.25%, Highest in 31 Years
The Bank of Japan raised its policy rate by 0.25 percentage points to 1.25 percent on Thursday, September 18, 2026 (27 Shahrivar 1405) Tehran time (Friday in Tokyo), the highest level in 31 years. According to Al Jazeera, it was the BOJ's first rate hike since its June meeting, and the central bank said the move aims to help counter inflation risks. Core consumer inflation in Japan held steady near the BOJ's 2 percent target in August, the report said, as companies continued passing higher food and grocery costs on to consumers. BOJ Executive Director Koji Nakamura said on Monday that a "slow moving demographic shock" and a shrinking labor pool are a structural factor lifting wages. Analysts said the US Federal Reserve's rate hike on Wednesday added pressure on the BOJ to keep pace; the BOJ's policy rate remains below the European Central Bank's 2.5 percent rate, set last week.
Al Jazeera · Sep 18, 2026
Subscription Opens for Iran's First Foreign-Currency Investment Fund With Economy Minister at Launch
According to a report by Boursenews.ir published Thursday, September 17, 2026 (Shahrivar 26, 1405), a ceremony marking the start of subscription for Iran's first foreign-currency investment fund, named Mana Mellat, was held with Economy Minister Seyed Ali Madanizadeh, Bank Mellat CEO Farshid Farrokhnejad, and Securities and Exchange Organization chief Hojatollah Seydi in attendance. Madanizadeh said the fund could help channel some foreign-currency savings that had exited the economic cycle back into investment and production, and is meant to give investors a tool to manage foreign-exchange volatility risk. Farrokhnejad said Bank Mellat serves as the fund's registrar and foreign-currency operations manager and guarantees its liquidity, while Bank Mellat's investment banking arm manages the fund; the fund is structured as an open-end (issuance and redemption) vehicle, letting investors enter or exit without needing to find a buyer or seller in a secondary market. He said the fund's pooled resources could be used, through instruments such as foreign-currency murabaha bonds, to finance export-oriented projects and provide working capital to export-focused manufacturers. Parallel reports from Donya-e-Eqtesad and Ecoiran said this marks the first time the dollar has entered Iran's capital market through an official, exchange-regulated instrument.
Boursenews · Sep 17, 2026
Trump Says US Interest Rate Should Be One Percent or Lower
The White House and US President Donald Trump reacted on Wednesday, September 16, 2026, hours after the Federal Reserve raised its target interest rate by 25 basis points to a range of 3.75 to 4 percent. White House senior spokesperson Kush Desai told Fox News the decision was wrong, saying the administration saw no convincing economic justification for it. Desai said current US inflation stems from an energy supply shock and the ongoing war in the Middle East, not factors tied to interest rates. Trump, in a separate reaction, said the US interest rate should be one percent or lower. Fed Chair Kevin Warsh, at a press conference following the decision, declined to directly address a question about the White House's reaction, saying he had nothing to say on the matter.
Arzdigital, citing Arzdigital via Fox News · Sep 17, 2026
Fed Interest Rate Rises to 3.75 to 4 Percent, First Hike Since 2023
The US Federal Reserve raised its target interest rate by 25 basis points to a range of 3.75 to 4 percent in a unanimous vote at the end of its two day Federal Open Market Committee (FOMC) meeting, concluded on Wednesday, September 16, 2026. It was the Fed's first rate hike since July 2023 and the first under Chair Kevin Warsh. The Fed cited elevated August core inflation and rising energy prices linked to military tensions in the Middle East as the main reasons for the move. New committee projections show 16 of 18 Fed officials expect at least one more rate increase by the end of 2026, with the median forecast putting the year end rate at 4 to 4.25 percent. The Fed also pushed back its forecast for inflation returning to the 2 percent target to 2029 and raised its 2026 inflation forecast to 3.7 percent. Markets reacted immediately: the two year Treasury yield rose to about 4.71 percent and the ten year yield climbed back above 5 percent. The S&P 500 and Nasdaq fell as much as 1.3 and 1.4 percent respectively in early trading before paring some losses. Global gold prices dropped more than 2 percent to around 4,260 dollars an ounce following the decision.
EcoIran · Sep 17, 2026