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Short, verified market news summaries; every item names its source and publication date.
Free-market dollar climbs to around 190,000 tomans on Tuesday evening amid the war-versus-talks tug
The free-market dollar in Tehran extended its gains during trade on Tuesday, 21 July 2026. Having started the day at around 187,700 tomans before trading began, the dollar rose about 1.3 percent to the 190,200 toman area, a level above the roughly 189,000 tomans seen earlier in the morning. Sahmino's live figures also put the rate near 190,400 tomans. Market participants attribute the swings to a tug between two opposing signals: continued strikes and military tension in the Strait of Hormuz on one side, and reports of mediators proposing a ceasefire and talks between Tehran and Washington on the other. Each fresh signal about escalation or de-escalation has kept the exchange rate volatile.
تجارتنیوز · Jul 21, 2026
Free-market dollar rose about 0.8 percent on Tuesday, back near 189,000 tomans
The free-market US dollar in Tehran moved higher on Tuesday, 21 July 2026 (30 Tir 1405). It was recorded near 187,700 tomans before the market opened and by midday had risen about 0.8 percent from the prior day to around 189,300 tomans, based on live market tracking. The increase followed a pullback of roughly 5,000 tomans on Monday, 20 July. The dollar's weekly chart still shows a gain of about 2 percent, and its recent high was around 194,500 tomans on Saturday, 18 July. The currency market has stayed volatile amid the military tensions between Iran and the United States and regional instability.
فرارو · Jul 21, 2026
Indian rupee slips to two-month low as oil above $90 weighs
The Indian rupee slid to around 96.5 per dollar as oil prices jumped on West Asia tensions, reaching its weakest level in two months by Monday, 20 July. Brent crude hovered near $90 the same day. India is one of the world's largest oil importers, and higher oil prices increase demand for dollars to pay for imports. The Reserve Bank of India has intervened in the spot and non-deliverable forward markets to support the rupee. India is an important trading partner of Iran and a destination for part of the region's commerce.
Business Recorder · Jul 21, 2026
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.
دنیای اقتصاد · Jul 20, 2026
Free-market dollar around 193,000 tomans; sharp swings on Sunday amid the war
Tehran's currency market saw sharp swings on Sunday, 19 July 2026 (28 Tir 1405). According to the Gold, Coin and Currency Information Network, the free-market US dollar rose early in the day's trading to 195,000 tomans, close to the market's historic highs. Based on the live data Sahmino tracks, the dollar returned to around 193,000 tomans by late Sunday afternoon, down about 0.8 percent from the previous day. The Alanchand exchange site likewise reported the dollar remittance rate in the same range, just below 193,000 tomans. The swings come as the market remains under pressure from the ongoing military tensions and regional instability. The latest rates are available on Sahmino's prices page.
نفت ما · Jul 19, 2026
India's rupee slides near its record low as the oil shock bites
Driven by the surge in oil prices from the Strait of Hormuz crisis and heightened regional tensions, India's rupee slid by mid-July 2026 close to its record low, in the region of about 95.5 rupees per dollar. India imports roughly 85 percent of the oil it consumes, and costlier crude has widened the trade deficit and lifted importers' dollar demand. To slow the currency's decline, the Reserve Bank of India has repeatedly sold dollars in the spot and forward markets; on July 9, for example, dollar sales by state-run banks pulled the rupee back from about 95.55 to 95.49. The pressure on the rupee mirrors the same strain this oil surge places on the rial and other oil-importing nations' currencies.
India Infoline · Jul 19, 2026
Iran's free-market dollar nears 193,000 toman on Saturday, a fresh record high
Iran's free-market US dollar rose about 2.4 percent on Saturday, July 18, 2026, to the 193,000 to 194,000 toman range, its highest level on record. According to Sahmino data, the dollar traded at 193,200 toman by around 11 a.m. Saturday, about 4,600 toman higher than the previous day. At the Iran Currency and Gold Exchange Center, the transfer (hawala) dollar sell rate rose to 150,237 toman on Saturday, crossing the 150,000 toman mark for the first time. The currency's jump comes as the military conflict between Iran and the United States continues and most vessel traffic through the Strait of Hormuz remains halted, lifting demand for safe-haven assets such as foreign currency and gold.
اقتصادنیوز · Jul 18, 2026
Turkish Lira Hits Record Low as Dollar Nears 47 Lira
The Turkish lira fell to a record low against the US dollar on Thursday, July 16, 2026, with the exchange rate weakening to around 47 lira per dollar. The currency has extended a gradual slide since mid-May, when it passed 45.5 per dollar, and is down roughly 7 percent since the start of the year. Turkey's central bank had already warned that disinflation would be slower than expected, largely because of the surge in energy and food prices tied to the Iran-US war and the Strait of Hormuz crisis. As a major importer of oil and gas, Turkey sees higher energy costs widen its current-account deficit and lift demand for foreign currency, adding to the pressure on the lira. Sahmino's live feed also puts the dollar-to-lira rate near 47.
Trading Economics · Jul 16, 2026
Free-market dollar hovers near 188,000 tomans Thursday as market watches Doha talks
The free-market US dollar traded near 188,000 tomans on Thursday, 16 July 2026 (25 Tir 1405), holding around its highest level in a month. Some Iranian business outlets quoted the open-market rate as high as 188,600 tomans, while the UAE dirham rose about 30 tomans to roughly 51,100 tomans. Sahmino's own latest data likewise showed the dollar near 188,000 tomans on Thursday afternoon, little changed on the day. Traders say political and security headlines are the dominant driver of the rate for now, with the Iran US conflict and continued strikes keeping safe-haven demand elevated. The market is also watching mediation talks in Doha, whose outcome could shape the currency's near-term path. The Tehran Stock Exchange was closed for the Thursday weekend.
روزنامه شرق · Jul 16, 2026
Free-market dollar climbs toward 186,700 tomans Wednesday, a fresh one-month high
The free-market US dollar extended its rise on Wednesday, 15 July 2026 (24 Tir 1405), reaching its highest level in a month. Trading opened around 184,100 tomans and the rate climbed to roughly 186,700 tomans by midday, up about 1.4 percent (around 2,600 tomans) from the previous day. The agreed-rate (tavafoqi) dollar traded in the same range, near 186,700 tomans. The intensifying military standoff between Iran and the United States over the Strait of Hormuz, together with the continued naval blockade of Iranian ports, has added to pressure on the rial in recent days. The free-market dollar has roughly doubled compared with the same date a year earlier.
فرارو · Jul 15, 2026
Free-market dollar hits a one-month high, climbing above 180,000 toman in Tuesday trading
The free-market US dollar opened Tuesday, 14 July 2026, at around 180,985 toman, which Fararu reported as its highest level in a month after a gain of roughly 1,300 toman from Monday. According to Sahmino's price service, the dollar extended its rise during morning trading, reaching about 183,700 toman by around 11:34, up roughly 1.5 percent on the day. The move came alongside renewed tension in the Strait of Hormuz and rising uncertainty in the currency market. The agreed-rate (tavafoqi) dollar traded in the same range with a similar gain.
فرارو · Jul 14, 2026
Free-market dollar moves above 180,000 tomans, up about half a percent on Monday
On Monday, 13 July 2026, the free-market US dollar rose about 0.49 percent, from 179,600 to roughly 180,500 tomans, moving above the psychological 180,000-toman mark. Tether traded near 179,800 tomans the same day. On Sahmino's price board, the dollar stood near 180,985 tomans on Monday evening. Market participants say a durable hold above 180,000 could open the way toward 182,000 to 185,000 tomans. Rapid liquidity growth, high inflation, and the gap between the official Exchange Center rate and the free-market rate, alongside the Strait of Hormuz tensions, are cited as factors supporting the currency's rise.
اکو ایران · Jul 13, 2026
Russia's key rate stands at 14.25 percent ahead of a 24 July decision
Russia's central bank key rate stands at 14.25 percent after a 25 basis point cut on 19 June 2026. The board's next rate-setting meeting is scheduled for 24 July. Russia's annual inflation was about 5.6 percent as of 15 June, above the central bank's 4 percent target. Russia is a trade and energy partner of Iran.
The Moscow Times · Jul 13, 2026
Bank of Japan's rate stays at a three-decade high as business sentiment improves
The Bank of Japan's policy rate stands at 1 percent following a hike in June 2026, the highest since 1995. According to the quarterly "tankan" survey released on 1 July, the business-conditions index for large manufacturers improved for a fifth straight quarter, rising to 22 from 17. Even so, the yen remains under selling pressure, near a multi-decade low against the dollar.
The Washington Post · Jul 13, 2026
Free market dollar nears 180,000 tomans at Monday's open
At the start of trading on Monday, 13 July 2026 (22 Tir 1405), the US dollar in Tehran's free market was quoted around 179,600 tomans, close to the 180,000 toman mark. The figure follows a 1,400 toman rise on Sunday, 21 Tir, lifting the dollar's weekly gain to about 2.2 percent. According to Fararu, the free market dollar traded near 89,000 tomans a year earlier, meaning the current level is up roughly 102 percent year on year. Pressure on the currency market persists alongside the region's military tensions and instability around the Strait of Hormuz. Sahmino's own live data shows the dollar near the same level.
فرارو · Jul 13, 2026
Official dollar rate at Iran's Currency and Gold Exchange Center reaches 149,149 tomans on July 12; euro enters the 170,000 toman channel
The official selling rate of the US dollar at Iran's Currency and Gold Exchange Center rose 169 tomans to 149,149 tomans on Sunday, July 12, 2026. The same day, the euro selling rate jumped 841 tomans into the 170,000 toman channel, reaching 170,609 tomans, while the UAE dirham selling rate reached 40,612 tomans. The increase coincided with rising prices in the free market, where the open dollar has climbed above 179,000 tomans and 18 karat gold has neared 17,640,000 tomans. The gap between the official Exchange Center rate and the free market rate remains wide. The Currency and Gold Exchange Center is the government's official mechanism for supplying foreign currency to importers and designated economic sectors.
میل سخن · Jul 12, 2026
Free-market dollar edges up about 0.6% to nearly 179,300 tomans on Sunday
The free-market US dollar in Tehran rose about 0.6% (roughly 1,100 tomans) on Sunday, 12 July 2026, to around 179,300 tomans, recovering part of the previous day's decline. On Saturday, 11 July, the dollar had fallen nearly 1.9% to about 178,300 tomans. In the remittance market, the UAE dirham also rose on Sunday to around 40,600 tomans. Market participants cited the climb in official Exchange Center remittance rates and regional tensions around the Strait of Hormuz as factors weighing on the currency market.
فرارو · Jul 12, 2026
India's central bank faces a 100 billion dollar forward book challenge in its rupee defense
According to Bloomberg on July 10, 2026 (19 Tir 1405), India's central bank, the RBI, has built one of the world's largest bearish dollar bets over the past two years to support a persistently weak rupee, and now faces the challenge of unwinding that position without destabilizing the currency market. The RBI's forward book had swelled to a record 106.7 billion dollars in May. The dollar to rupee rate rose to 95.5240 on July 10, up 0.09 percent from the previous session; the rupee has weakened 0.39 percent over the past month and 11.29 percent over the past twelve months. Bloomberg reported that dollar sales by India's state run banks, together with a modest pullback in crude oil prices, have helped the rupee recover to around 95.2 per dollar. Lower oil prices matter strategically for India, one of the world's largest crude importers, which has been hit hard by the oil shock from the Strait of Hormuz crisis.
Bloomberg · Jul 11, 2026
Free market dollar falls 1.86 percent to 178,295 tomans on Saturday
Iran's free market US dollar rate fell 3,325 tomans, or 1.86 percent, from the previous day, to 178,295 tomans as of 2:34 pm Tehran time on Saturday, July 11, 2026 (20 Tir 1405). The NIMA linked rate showed a similar pattern, down about 1.84 percent to around 178,320 tomans. According to Tejaratnews, recent moves in Iran's currency and gold markets have largely tracked political risk headlines around US Iran talks over the Strait of Hormuz. Saturday's meeting between Iran's and Oman's foreign ministers in Muscat, and the continuation of diplomatic consultations between Tehran, Washington and Muscat, were cited among the factors behind lower safe haven demand for currency in the domestic market.
فرارو (Fararu) · Jul 11, 2026
Central Bank of Egypt Holds Rates for Third Straight Meeting as June Inflation Eases to 14.3%
Egypt's central bank Monetary Policy Committee left key interest rates unchanged on Thursday, July 9, 2026, for the third consecutive meeting this year. The overnight deposit rate was held at 19%, the overnight lending rate at 20%, the main operation rate at 19.50%, and the discount rate at 19.50%. The decision followed June inflation data showing annual urban consumer inflation eased to 14.3%, down from 14.6% in May; prices fell 0.4% month on month, driven mainly by a 3.2% monthly drop in food and beverage prices. The central bank noted that renewed risks from US Iran tensions could prompt caution in future rate decisions.
Egypt Today · Jul 11, 2026
South African Rand Gains 0.6% Against Dollar as Gold Prices Climb Over 1%
The South African rand strengthened about 0.6% against the US dollar on Thursday, July 9, 2026, trading around 16.32 per dollar, as global gold prices rose more than 1% on the day. Gold is South Africa's most important export commodity, and a higher bullion price typically boosts the rand through improved foreign-currency inflows from mining exports. However, the Minerals Council of South Africa has forecast the country's gold output will stay roughly flat at about 90 metric tons this year despite record prices.
Finimize · Jul 11, 2026
Fed Names Members of Warsh's Five Monetary Policy Task Forces, Including Marc Andreessen
The US Federal Reserve announced on Thursday, 9 July 2026, the leaders of five outside task forces that new Chair Kevin Warsh has formed to review the central bank's policymaking practices. The "Productivity, Jobs, and AI" task force is led by venture capitalist Marc Andreessen, Stanford economist Charles Jones, and Microsoft executive vice president Asha Sharma. Other task forces are led by former Walmart CEO Doug McMillon (economic data quality) and Nobel laureate economist Thomas Sargent along with former White House Council of Economic Advisers chair Greg Mankiw (inflation frameworks); two further task forces cover Fed communications and balance-sheet policy. According to CNBC, the task forces are expected to conclude their work by the end of 2026 and deliver a set of recommendations to the Federal Reserve for improving monetary policymaking.
CNBC · Jul 11, 2026
Fed Chair Kevin Warsh to Give First Congressional Testimony Next Week
According to the US Federal Reserve Board's official calendar, Chair Kevin Warsh is scheduled to testify before the House Financial Services Committee next Tuesday and the Senate Banking Committee next Wednesday, marking his first congressional testimony since becoming Fed Chair. The appearances follow the Fed's semiannual Monetary Policy Report submitted to Congress on July 10, 2026 (19 Tir 1405), and are seen as a key market event for the dollar and gold in the coming week.
Federal Reserve Board · Jul 11, 2026
Fed's Semiannual Report to Congress: US Inflation Still Notably Above 2% Target
The US Federal Reserve submitted its first semiannual Monetary Policy Report to Congress under Chair Kevin Warsh on Friday, July 10, 2026 (19 Tir 1405). The report states that US inflation has remained notably above the Fed's 2% target over the past year, though trimmed-mean inflation gauges have eased somewhat. The Fed attributed part of the inflation rise to the Iran war and US trade tariffs. It described economic growth as "solid" and productivity as "strong," and assessed banking-system risk as low. The Fed pledged to "deliver price stability." The report sets the stage for Warsh's congressional testimony next week.
Federal Reserve Board · Jul 11, 2026
Sanctions on Ali Ansari Linked to Collapsed Ayandeh Bank's $5 Billion Debt
New details released alongside the US Treasury's July 10, 2026 sanctions action against Ali Ansari show the designation covers 14 individuals and entities in total and identifies Ansari as the former owner and director of Ayandeh Bank, which was dissolved in October 2025 owing roughly $5 billion. Treasury alleges Ansari fueled the bank's collapse by directing large loans to his own affiliated companies, chiefly Iran Mall International Development Co. Simultaneously, the US Office of Foreign Assets Control (OFAC) issued General License Y, authorizing the wind-down of transactions involving Smart Global Limited, a Saint Kitts and Nevis registered holding company through which part of Ansari's assets were held. The new detail widens the picture of Iran's shadow exchange-house network that Washington sanctioned days earlier.
Investing.com (Reuters) · Jul 11, 2026
Central Bank of Iraq Sells $275 Million in Monday's Dollar Auction
The Central Bank of Iraq (CBI) sold $275,296,889 in its Monday, July 6, 2026 (14 Tir 1405) dollar auction. Of that, the large majority, $265.25 million (about 96 percent), went to letters of credit and outward remittances, while only $10.05 million was cash sales. The remittance and letter-of-credit rate was set at 1,310 dinars per dollar and the cash-sale rate at 1,305 dinars per dollar. The dominance of the outward-remittance channel over cash liquidity is a marker of dollar liquidity flows between Iraq and its trading partners, including Iran.
Iraqi News · Jul 11, 2026
Turkish Central Bank Chief Ties Early Rate Cut to Clarity on Iran Conflict
Turkish central bank governor Fatih Karahan told investors at an Istanbul conference on Friday, July 10, 2026 (19 Tir 1405), that the bank wants to see the July inflation print and more clarity on the Iran conflict before resuming rate cuts, ruling out any move before the July 23 monetary policy meeting. Turkey's policy rate has held at 37 percent since June. Turkish monetary policy directly shapes the lira's path and the trade, tourism and gold flows between Turkey and Iran.
Bloomberg · Jul 11, 2026
Dollar Index Nears 101 as Fed's Waller Reaffirms Commitment to 2% Inflation Target
The US Dollar Index (DXY) traded around the 101 level in the week to July 10, 2026 (19 Tir 1405), near its highest since May 2025. Fed Governor Christopher Waller described the central bank's commitment to its 2 percent inflation target as "credible," saying monetary policy risks have "flipped around" as the labor market stabilizes while inflation has risen. The dollar's strength has come alongside renewed Iran-US tensions and could weigh on gold and emerging-market currencies.
FXStreet · Jul 11, 2026
Free-Market Dollar Rate in Iran Rises Above 181,000 Tomans
The free-market US dollar rate in Iran rose to roughly 181,620 tomans on Friday, July 10, 2026 (19 Tir 1405), a marked increase from around 178,000 tomans on Monday, July 6 (14 Tir). The rise coincided with renewed escalation in the Iran-US conflict since July 7 and US President Trump's statement that the ceasefire was over. The euro also rose above 207,000 tomans the same day.
اقتصادآنلاین · Jul 11, 2026
Official Exchange Center Dollar Rate Rises to 148,980 Tomans
Iran's Exchange Center for Currency and Gold (Markaz-e Mobadele) raised its official transfer-rate dollar quote to 148,980 tomans on Thursday, July 9, 2026 (18 Tir 1405). The same session saw the euro trade at 207,560 tomans and the UAE dirham at 50,429 tomans. The official rate, used for part of Iran's commercial and administrative transactions, remains well below the free-market dollar rate, which stood at about 181,900 tomans the same day.
روزنا · Jul 11, 2026
Yen Strengthens 0.6% After Japan's Finance Minister Signals Pension Fund Push Into Domestic Assets
The Japanese yen strengthened 0.6% against the dollar to 161.44 per dollar on Friday, July 10, 2026, after Japan's Finance Minister Satsuki Katayama signaled a policy shift. Speaking at a routine post cabinet meeting press conference, Katayama said the government wants to find ways to encourage the Government Pension Investment Fund (GPIF), which holds 293.6 trillion yen (1.81 trillion dollars) in assets, to substantially increase its investment in domestic assets. Alongside the yen's gain, the yield on Japan's benchmark 10 year government bond fell 10 basis points to 2.775%, its steepest monthly drop. The move came just days after the yen had traded near a four decade low against the dollar amid renewed U.S. strikes on Iran earlier this week.
اینوستینگلایو (InvestingLive) · Jul 10, 2026
US Sanctions Ali Ansari, Financier for Mojtaba Khamenei, and Iran's Shadow Exchange House Network
The U.S. Treasury Department sanctioned Iranian financial facilitator Ali Ansari and a network of Iranian shadow exchange houses on Friday, July 10, 2026, following Iran's resumption of attacks on international shipping in the Strait of Hormuz. Treasury said Ansari oversees a sprawling network of assets benefiting Iran's leader Mojtaba Khamenei and other regime elites, diverting publicly funded wealth into real estate and commercial holdings in countries including Germany, Luxembourg, Spain, the United Kingdom, Cyprus, and the United Arab Emirates. Treasury also said Ayandeh Bank had racked up billions of dollars in debt by issuing loans backed by the Central Bank of Iran to Ansari's companies. The sanctions were imposed under Executive Orders 13902, 13876, and 13224, building on previous OFAC actions targeting Iran's shadow banking and currency exchange networks.
وزارت خزانهداری آمریکا (U.S. Department of the Treasury) · Jul 10, 2026
Central Bank of Iraq Cuts Travelers Cash Dollar Allowance From $3,000 to $2,000
Iraq's central bank cut the cash foreign currency allowance available to outbound travelers, for tourism, medical, study, and business trips, from 3,000 dollars to 2,000 dollars per trip, in the week ending July 8, 2026, according to Shafaq News. The move is part of a wider central bank reform push to steer travelers toward prepaid and credit cards and curb arbitrage in the parallel currency market. The lower Iraqi travel allowance could affect the Iran-Iraq border currency channel that partly feeds dollar demand in Iran's informal market.
Shafaq News · Jul 10, 2026
Iraq Makes Electronic Customs Document Verification Mandatory From July 10 to Curb Dollar Smuggling
Iraqi Customs made electronic verification of certificates of origin and commercial invoices through the ASYCUDA system mandatory at all border points starting July 10, 2026 (19 Tir 1405). As of that date, paper certificates or invoices that cannot be digitally verified in the system are no longer accepted, and declarations lacking electronic verification are automatically flagged, suspended, and subject to administrative fines. According to Iraqi news outlets, the move follows the discovery of schemes in which traders used falsified invoices for goods such as infant formula to obtain dollars from the Central Bank of Iraq at the official rate, then resold them on the parallel market or smuggled them abroad. The measure is part of the central bank's effort to curb the depletion of foreign currency reserves and rein in money laundering.
Iraqi News · Jul 10, 2026
Indian Rupee Comes Under Renewed Pressure as Iran-US Tensions Reignite Oil Rally
The US dollar rose to 95.51 Indian rupees on Thursday, July 9, 2026, the rupee's weakest level since June 11. According to a Bloomberg newsletter (July 9, 2026), the decline followed a period of relative rupee strength and coincided with oil prices jumping again as tensions between Iran and the United States reignited. Bloomberg noted that Reserve Bank of India intervention has been described as less effective than during 2013, and that India is seeking direct talks with Iran to secure safe passage for roughly nine tankers stranded in the Persian Gulf.
Bloomberg · Jul 10, 2026
China's central bank sets yuan reference rate below 6.8 per dollar for first time since 2023
China's central bank, the PBOC, set its daily yuan reference rate at 6.7989 per US dollar on Friday, July 10, 2026 (19 Tir 1405), the first time the fixing has fallen below the 6.8 threshold since 2023. According to Bloomberg, the move signals the central bank's comfort with the yuan's strengthening trend. Following the decision, the offshore yuan rose as much as 0.3% to 6.7785 per dollar, its biggest daily jump in nearly a month. The move comes even as the US dollar is simultaneously drawing safe-haven demand from the renewed escalation in US-Iran tensions.
Bloomberg · Jul 10, 2026
US 10-year Treasury yield eases to 4.54% on safe-haven demand
The yield on the US 10-year Treasury note eased to around 4.54% on Friday, July 10 (19 Tir), down 0.02 percentage points from the prior session, marking a second consecutive day of declines. According to Trading Economics, lower global oil prices have eased inflation concerns somewhat and reduced pressure for more aggressive Federal Reserve tightening. The move comes alongside reports that the United States and Iran will continue peace negotiations despite the recent escalation in hostilities, a pattern consistent with the typical safe-haven behavior seen in Treasury markets during periods of geopolitical uncertainty.
Trading Economics · Jul 10, 2026
Yen nears four-decade low as dollar gains from renewed Iran strikes
The Japanese yen remained near a four-decade low against the US dollar on Friday, July 10 (19 Tir), with the dollar trading around 162.36 yen, on track for a weekly gain of more than 0.5% against the Japanese currency. According to Business Recorder and Trading Economics, the US dollar benefited from safe-haven demand after fresh US air strikes on Iran in response to attacks on vessels transiting the Strait of Hormuz, while the yen failed to draw similar support despite the escalating geopolitical tensions. The Bank of Japan held its short-term policy rate at 0.75% at its June 15 to 16, 2026 meeting, and traders remain wary of possible direct government intervention to shore up the yen.
Business Recorder · Jul 10, 2026
Iran's interbank rate eases to 23.83% in the week to July 8
According to Central Bank of Iran data, the average interbank interest rate eased to 23.83% in the week ending Wednesday, July 8, 2026 (17 Tir 1405), down slightly from 23.86% the previous week. According to Taadol newspaper, the marginal decline came even as the central bank kept its open-market acceptance rate below 20% for a second straight week and held accepted bids under 700 trillion tomans. Analysts read the trend as a continuation of the central bank's tight monetary policy to control liquidity, rather than a sign that bank funding shortages have eased.
روزنامه تعادل · Jul 10, 2026
Turkish Lira Deposits Hit 11-Year High as De-Dollarization Advances
Turkish Treasury and Finance Minister Mehmet Şimşek said the share of Turkish lira deposits in the country's total bank deposits reached about 62 percent in the week ending July 3, 2026, the highest level in 11 years. That compares with roughly 31.6 percent in August 2023, before Turkey's economic stabilization program began, marking substantial progress in de-dollarization. Şimşek said, "We will continue our policies to reinforce confidence in the Turkish lira, strengthen macro-financial stability and achieve price stability, which is the prerequisite for sustainable high growth." He added that the balance of foreign-currency-protected deposits under the KKM scheme has fallen from 3.4 trillion lira in August 2023 to about 478 billion lira (roughly 11.75 billion dollars). The progress comes as the Turkish lira has weakened about 8 percent against the dollar since the start of 2026.
Daily Sabah · Jul 10, 2026
Dollar Holds Steady at 182,000 Tomans in Iran's Free Market on Friday
The US dollar held steady in Iran's free market on Friday, July 10, 2026, unchanged from the previous day at 182,050 tomans (1,820,500 rials). The rate had jumped 1.08 percent, or 1,950 tomans, on Thursday, July 9. The dollar is up 3.64 percent from a week earlier and more than 25 percent over the past six months. The rate held flat on Friday, while the Tehran Stock Exchange was closed for the weekend, as escalating Iran-US military tensions since July 7 have kept demand for dollars and safe-haven assets elevated in the domestic market.
Bonbast · Jul 10, 2026
Central Bank Official: Iran's FX Reserves Grew $4.5 Billion During the War
Per Ecoiran and Eghtesad Online (July 8-9, 2026), a senior currency policy official at Iran's Central Bank said new foreign exchange management measures cut daily FX market demand from about $600 million to under $200 million, allowing the country's FX reserves to grow by $4.5 billion during the war rather than deplete. Priority FX access continues to go to essential goods, medicine and medical equipment, and the Central Bank reiterated it will not return to a multi tier "preferential" exchange rate. Separately, the Central Bank has held its open market repo acceptance rate below 20% for a second consecutive week.
اکوایران · Jul 10, 2026
Turkish Lira Hits Fresh Record Low as June Inflation Eases Only Slightly to Above 32%
The Turkish lira hit a fresh record low against the dollar on Thursday, July 9, 2026, trading near 46.86 per dollar, per Trading Economics. Turkey's statistics office had reported on July 3 that annual June inflation eased slightly to 32.11%, down from 32.61% in May and the lowest since March. However, energy and food shocks from the intensifying Iran-US conflict have slowed the disinflation trend. Turkey's central bank (TCMB) has held its policy rate at 37% for a third consecutive meeting. For Iranian investors and traders with commercial ties to Turkey, the lira's continued slide can directly affect the cost of imports from the country.
Trading Economics · Jul 10, 2026
Fed September Rate-Hike Odds Jump to 68.8% as Iran War Reignites Inflation Fears
Per Forbes (July 8, 2026), after US strikes on Iran resumed and Trump declared the ceasefire "over," the market implied probability of a Fed rate hike at the September 15-16 meeting, per CME Group's FedWatch tool, jumped from 62% on Tuesday, July 7, to 68.8% on Wednesday, July 8. The odds of a hike by the December meeting reached 85.3%. The jump came after Trump told the NATO summit in Ankara he believed the ceasefire with Iran was over and that the US would likely strike again that night. Analysts attribute the rise in rate hike odds to inflation concerns from surging oil prices, which could strengthen the dollar and pressure emerging markets, including Iran's.
Forbes · Jul 10, 2026
Fed's June Minutes Reveal 9-to-8 Split Over a 2026 Rate Hike as Inflation Outlook Rises
Minutes from the U.S. Federal Reserve's June 16-17, 2026 policy meeting, released Wednesday, July 8, 2026, showed that while officials unanimously held the benchmark rate at 3.50 to 3.75 percent, they were split on the 2026 rate path in the dot plot: eight participants favored no change, one favored a cut, and nine favored at least one hike this year. According to CNBC, Fed officials also raised their 2026 inflation projections from 2.7 percent at the March update to 3.6 percent headline and 3.3 percent core, cited as driven largely by trade tariffs and the escalating Iran conflict.
CNBC · Jul 10, 2026
Iraqi Dinar Firms Against the Toman as the Rial Weakens
The rate for 100 Iraqi dinars in Iran's free market rose from 11,500 tomans on Wednesday, July 8, 2026 (17 Tir), to 11,690 tomans on Thursday, July 9 (18 Tir). According to Rokna, the increase tracked the broader weakening of the rial against foreign currencies in recent days and was influenced by the rising dollar rate in Tehran's free market. Border currency market analysts also cited regional security developments and stronger demand from border exchange houses for foreign currency as contributing factors.
روزنا · Jul 10, 2026
Russian Ruble Nears 76 Per Dollar, Down 5% on the Month
The USD/RUB exchange rate reached 75.91 on Thursday, July 9, 2026, down 1.16 percent from the previous session in ruble terms. According to Trading Economics, the ruble has weakened 5.07 percent over the past month, though it remains up 2.11 percent from a year earlier. Russia's central bank had previously said fiscal policy would be more accommodative than expected over the next three years, as the federal government increases bond issuance to fund the war in Ukraine and subsidies for industries hit by Western sanctions.
Trading Economics · Jul 10, 2026
Dollar Hits 181,500 Tomans in Free Market, a Recent High
The US dollar's free market rate in Tehran reached 181,500 tomans on Thursday, July 9, 2026 (18 Tir), up 1,305 tomans from 180,195 tomans the previous day. According to Donya-e-Eqtesad, the rate is up more than 6,000 tomans from 175,400 tomans recorded on Saturday, July 4 (13 Tir). Currency market analysts attributed the rise mainly to heightened political and security risk from the escalating Iran-US conflict and growing precautionary demand for safe-haven assets.
دنیای اقتصاد · Jul 10, 2026
Dollar Index Holds Near 101 as Fed Rate Path Remains Uncertain
The US Dollar Index (DXY) fell to 100.92 on Thursday, July 9, 2026 (18 Tir), down 0.07 percent from the previous session, though it is up 0.98 percent over the past month and 3.35 percent over the past year. According to Trading Economics, minutes from the Federal Reserve's June meeting showed policymakers remain divided over the future path of interest rates, with only a few officials favoring a rate hike, while markets continue to price in at least one Fed rate increase by the end of 2026.
Trading Economics · Jul 10, 2026