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Short, verified market news summaries; every item names its source and publication date.
Free Market Dollar Accelerates After News of Kharg Tanker Attack, Reaches 227,000 Tomans
According to Donya-e-Eqtesad, citing EqtesadNews, the US dollar on Iran's free market kept climbing on Saturday, September 5, 2026 (14 Shahrivar 1405), reaching 227,130 tomans at 3:53pm Tehran time. Per the outlet's successive reports, the dollar stood at 223,240 tomans at 11:29am, rose to 224,490 tomans by 12:37pm, and reached 226,110 tomans by 2:14pm, meaning it added nearly 4,000 tomans, about 1.7 percent, in under five hours. The acceleration came almost simultaneously with news, published around 12:29pm, that an Iranian tanker had been struck by the US military near Kharg Island. Sahmino's own live price data showed the dollar at 225,770 tomans at 4:04pm, up 2.13 percent from the prior day, consistent with the reported upward trend. The dollar has now risen more than 6,000 tomans, about 2.8 percent, from Thursday's last recorded rate of 221,000 tomans.
Donya-e-Eqtesad, citing EqtesadNews
Free Market Dollar Crosses 223,000 Tomans
According to Donya-e-Eqtesad, citing EqtesadNews, the US dollar on Iran's free market rose on Saturday, September 5, 2026 (14 Shahrivar 1405), reaching 223,240 tomans, a notable increase from Thursday's last recorded rate of 221,000 tomans. Sahmino's own live price data showed the dollar at 223,820 tomans as of 11:29am Tehran time, consistent with the reported figure and up about 1.25 percent from the prior day. Market analysts have linked the dollar's latest jump mainly to escalating Iran-US military tension and a fresh New York Times assessment that Iran is unlikely to accept Washington's terms before US midterm elections.
Donya-e-Eqtesad, citing EqtesadNews
Hemmati: Central Bank Will Not Stand By Amid Currency Market Swings; Coin Options Tool to Launch Next Week
Abdolnaser Hemmati, governor of Iran's Central Bank, said on Friday, 13 Shahrivar 1405 (September 4, 2026), according to Khabaronline (citing Tasnim), that despite wartime conditions and severe external restrictions, financing of import currency has fallen only 15 percent from the same period last year, partly reflecting a drop in import volumes. He said the central bank has strengthened its reserve position during this period and has sufficient resources to keep covering the country's trade needs under upcoming scenarios. Hemmati stressed the central bank will not stand by in the face of abnormal currency market swings and will intervene forcefully and in a timely manner, using its foreign currency capacity and available tools, wherever rates diverge from economic fundamentals. He announced the launch of a "coin option" instrument in the coming days as a new tool to hedge risk, saying further instruments would be activated depending on market conditions.
Khabaronline, citing Tasnim
Free Market Dollar Crosses 221,000 Tomans
According to Ecoiran, the free market dollar rate in Iran rose on Thursday, September 3, 2026 (12 Shahrivar 1405), crossing 221,000 tomans. The euro traded at 257,720 tomans and the UAE dirham at about 60,388 tomans in the same market. Sahmino's own live data showed the dollar at 220,500 tomans as of 15:59 Tehran time, up about 0.27 percent from the start of today's trading. The dollar's rise came alongside global gold climbing above 4,448 dollars an ounce and gains in domestic gold and coin prices, a move traders linked to escalating Iran-US military tension and inflation expectations.
Ecoiran
Official Dollar Rate at Iran's Exchange Center Rises 209 Tomans Today, Euro Retreats in Agreed Rate Trading
Trading on the board of Iran's Currency and Gold Exchange Center saw a mixed picture on Wednesday, September 2, 2026 (11 Shahrivar 1405), according to Boursenews: gains for trade and regional currencies against a relative pullback in the basket of major international currencies. The sell rate for US dollar remittances rose 209 tomans to 159,355 tomans, with the buy rate recorded at 157,920 tomans. Alongside the dollar, the UAE dirham's sell rate rose 57 tomans to 43,391 tomans, with its buy rate set at 43,000 tomans. The Chinese yuan rose 35 tomans to 23,710 tomans, and the Indian rupee rose 7 tomans to 1,679 tomans. In contrast, the euro's sell rate fell 155 tomans to 184,723 tomans, with its buy rate at 183,061 tomans; the Japanese yen (per 100 units) fell 57 tomans to 99,571 tomans and the South Korean won (per 1,000 units) fell 190 tomans to 116,117 tomans. The exchange center's rates, also known as the agreed rate (dollar tavafoqi), are calculated separately from the free market dollar rate, which crossed 220,000 tomans today.
Boursenews
220,000 Tomans: Dollar's New High in Today's Free Market
Iran's free-market dollar rate extended its climb on Wednesday, September 2, 2026 (11 Shahrivar 1405), touching the 220,000-toman mark. Donya-e-Eqtesad reported the rate at 220,230 tomans at 14:26 Tehran time. Sahmino's own live data showed it at 220,200 tomans (up 2.9 percent on the day) as of 15:59, while tgju.org recorded the dollar above 218,000 tomans around the same window. The jump coincided with intensifying Iran-US military tension and a decline in Tehran's stock index in today's session.
Donya-e-Eqtesad
Free-Market Dollar Rate Breaks Past 217,000 Tomans
Iran's free-market dollar rate extended its climb on Wednesday, September 2, 2026. Donya-e-Eqtesad reported (11:27 Tehran time) the dollar rose from the previous day to 216,390 tomans. Sahmino's own live data and tgju.org showed the move accelerating through the session, with the dollar up 1.54 percent (33,000 rials) to 2,173,000 rials (217,300 tomans) as of 11:29 Tehran time. The jump coincided with intensifying Iran-US military tension and a decline in Tehran's stock index.
Donya-e-Eqtesad
US Treasury Secretary: New Bank Sanctions Against Iran to Be Announced This Week
US Treasury Secretary Scott Bessent said Tuesday, September 1, 2026, on the sidelines of the G20 finance ministers' meeting in North Carolina, that Washington is likely to announce a new bank sanction against Iran this week, with another to follow the week after. He described the goal as economically "asphyxiating" Iran's leadership, saying the Treasury is now using five new authorities across digital assets, aviation and maritime sectors, including the shutdown of a Dubai branch of an Egyptian bank he said had funneled more than 1.8 billion dollars to Iran. Citing the rial's fall from roughly 800,000 to the dollar in spring 2025 to more than 2 million now, Bessent said the campaign is coordinated with the EU, the European Central Bank, the UK, the UAE and Bahrain.
Reuters, citing کیتکو
Dollar Sets Fresh Record in Tehran's Free Market, Tops 214,000 Tomans
The US dollar set an unprecedented record in Tehran's free market on Tuesday, 10 Shahrivar 1405 (September 1, 2026). According to Donya-e-Eqtesad, the dollar reached 213,770 tomans at 1:08pm local time, the latest point in a steady climb that began at 211,210 tomans at 11:28am and reached 212,220 tomans by 12:20pm. At the same time, the pricing site Tgju.org put the live dollar rate at 213,400 tomans, up 4,100 tomans from yesterday's previous record of 209,300 tomans, with today's session high at 213,620 tomans; Alanchand.com reported the dollar reaching 214,700 tomans at 4:05pm, up 3,600 tomans (1.71 percent) from yesterday's rate of 211,100 tomans. Sahmino's own price data showed the dollar trading at 213,690 tomans at 3:59pm, up 2.1 percent on the day, consistent with the figures reported by all three sources. Today's jump coincided with escalating political tension between Iran and the United States. According to Ecoiran, Iranian President Masoud Pezeshkian, on the sidelines of the Shanghai Cooperation Organisation summit in Kyrgyzstan, said Iran would respond immediately if the United States returned to its commitments under the Islamabad memorandum of understanding, while Axios, citing three US officials, reported that Donald Trump and senior advisers are weighing limited strikes in the Strait of Hormuz. The dollar's rise today was also one of the factors behind the sell pressure on the Tehran Stock Exchange.
Donya-e-Eqtesad
Hemmati: We Have Enough Foreign Currency; Central Bank Has Supplied 18 Billion Dollars for the Country's Needs Since the Start of the Year
Abdolnaser Hemmati, governor of Iran's Central Bank, speaking at the 36th Islamic Banking Conference on Tuesday, 10 Shahrivar 1405 (September 1, 2026), as reported by Khabaronline, responded to earlier comments from US President Donald Trump claiming Iran lacks sufficient foreign currency, saying the Central Bank has supplied about 18 billion dollars for the country's needs since the start of the current Iranian year, with 500 million dollars planned for market supply in the past week alone, a figure he said could rise to as much as 2 billion dollars if needed. He attributed periodic spikes in the exchange rate partly to market psychology and political pressure, saying the situation would not persist. Hemmati also said that despite earlier concerns about Iran's economy sliding into hyperinflation, the Central Bank's monetary and precautionary measures have curbed the pace of inflation, and he assessed the probability of hyperinflation as very weak. He said banking sector facilities disbursed from the start of the year through 6 Shahrivar (August 28) reached about 4,050 trillion tomans, up 69 percent from the same period a year earlier, of which nearly 2,600 trillion tomans went to working capital for businesses, an 80 percent increase.
Khabaronline
Dollar Nears 209,000 Tomans in Tehran's Free Market Monday Afternoon, Approaching 210,000 Threshold
The US dollar's rate in Tehran's free market extended its recent uptrend on Monday, 9 Shahrivar 1405 (August 31, 2026), reaching about 209,000 tomans by mid afternoon and approaching the psychological 210,000 toman threshold, according to Ecoiran. The same report said tether also crossed 208,000 tomans. Earlier the same day, at 11:13am, Donya e Eqtesad had put the dollar rate at 207,140 tomans, meaning the currency extended its gains further into the afternoon session. Live data from tgju.org over the same hours showed the dollar trading at 209,300 tomans, up 3,290 tomans from the previous day and about 4.4 percent higher than the same day last week (Tuesday, 3 Shahrivar, at 200,500 tomans). Per Sahmino's own price data at 3:59pm, the dollar was up 1.7 percent at 209,510 tomans. Ecoiran noted the dollar had first crossed the 200,000 toman mark on the first day of Shahrivar (August 23), and its distance from that earlier milestone has now widened further.
Ecoiran
Hemmati: Central Bank Has Stockpiled Foreign Currency Against Threatened US 100 Percent Sanctions
Abdolnaser Hemmati, governor of Iran's Central Bank, said on the evening of Sunday, 8 Shahrivar 1405 (August 30, 2026), at a meeting with members of Iran's Entrepreneurs Assembly, that the country's monetary policymaker has not sat idle in the face of new US threats and what has been called a 100 percent sanctions push against Iran, Ecoiran reported. He said the central bank anticipated a possible escalation of sanctions conditions starting last Bahman (January or February 2026) and has been stockpiling foreign currency to plan for the country's foreign exchange needs. The remarks come as the free market dollar rate has been rising in Tehran in recent days, and follow Hemmati's earlier position, when, responding to US Treasury sanctions on several crypto exchanges, he had said the volume of the country's foreign currency supply had increased from a year earlier.
Ecoiran
Dollar Nears 207,000 Tomans in Tehran's Free Market Monday
The US dollar's rate in Tehran's free market rose on Monday, 9 Shahrivar 1405 (August 31, 2026), reaching 207,140 tomans as of 11:13am Tehran time, according to Donya e Eqtesad. Separately, the pricing site tgju.org put the live dollar rate at 206,000 to 206,220 tomans, up about 2.7 percent from the same day last week (Tuesday, 3 Shahrivar, at 200,500 tomans). Per Sahmino's own price data at the same hour, the dollar traded up 0.39 percent at 206,820 tomans. The rate for dollar transfers through the Currency and Gold Exchange Center also rose from the previous day, Donya e Eqtesad reported. The rise in the free market dollar rate coincides with new US threats of what Washington has called a 100 percent sanctions push against Iran.
Donya-e-Eqtesad
Gap Between Free Market and National Card Dollar Narrows to 8,000 Tomans
According to Khabaronline, published at 15:35 on Sunday, 8 Shahrivar 1405 (August 30, 2026), as the free market dollar climbed to 206,000 tomans, the rationed dollar rate available via national ID card at select bank exchange branches rose 3,000 tomans to 198,000 tomans. Per the report, which cited Khabar Foori, the gap between the national card rate and the free market rate has now narrowed to about 8,000 tomans. Sahmino's own price data also recorded the free market dollar at 206,010 tomans as of 19:59 on Saturday, 7 Shahrivar, consistent with the reported figure. The rationed national-card dollar rate, intended for limited currency purchases at select bank branches, has narrowed its gap with the free market rate in recent days.
Khabaronline
Central Bank's National ID Card FX Policy Narrows the Official to Free Market Gap to 8,000 Tomans
Iran's central bank has narrowed the gap between the official banking network rate and the free market rate by rolling out a new policy that allocates up to 1,000 dollars in banknotes per applicant, at the market premium rate, through the national ID card system. According to Ecoiran, citing Tabnak, the official rate stood at 198,000 tomans per dollar in Saturday, 7 Shahrivar 1405 (August 29, 2026) trading, about 8,000 tomans below the free market rate of near 206,000 tomans the same day. Official data show that of a 500 million dollar allocation the central bank made available between Tuesday, 3 Shahrivar and Thursday, 5 Shahrivar, applicants absorbed only 20 million dollars, which the report says indicates the earlier queues were largely speculative. The central bank governor has said the bank will keep supplying currency at the market's negotiated rate to meet genuine demand. Separately, the buy rate for dollar transfers on Iran's Currency Exchange Center rose 437 tomans to 157,053 tomans.
EcoIran, citing Tabnak
Dollar Reaches the 205,000 Toman Channel While the Car Market Stays Muted
The free market dollar in Iran rose in Saturday, 7 Shahrivar 1405 (August 29, 2026) trading, following Friday evening remarks by the president on the economy, reaching the 205,000 toman channel. According to Ecoiran, despite the rise the car market showed no uniform reaction, with prices staying choppy and subdued. Data from tgju.org at 19:36 put the dollar at 206,165 tomans, up about 2.8 percent from Thursday, 5 Shahrivar's close of 200,600 tomans and 3.13 percent from a week earlier. Sahmino's own price feed recorded the dollar near 205,800 tomans at the same hour, up 2.59 percent on the day.
Ecoiran
Free Market Dollar Climbs Into the 2,030,000 Rial Channel in Saturday Trading
According to Boursenews, the free market dollar rate in Iran's domestic market rose about 1,000 tomans on Saturday, 7 Shahrivar 1405 (August 29, 2026), compared to Thursday, 5 Shahrivar, moving into the 203,000 toman channel. Per the report, published at 11:48am, the euro, the UAE dirham and other official currencies also posted gains that day. According to Sahmino's own price system, the upward move continued through the day, with the free market dollar reaching about 204,900 tomans by 3:39pm, up roughly 2.15 percent from the previous day's closing level.
Boursenews
BIS Data Show Iran's Deposits at Foreign Banks Are 14 Times Its Liabilities
The latest report from the Bank for International Settlements (BIS), headquartered in Basel, Switzerland, shows Iran's deposits at foreign banks stood at 11.155 billion dollars at the end of the first quarter of 2026, down about 5 percent from 11.781 billion dollars at the end of 2025. Iran's liabilities to foreign banks rose 3 percent to 802 million dollars over the same period. As a result, Iran's deposits at foreign banks were about 14 times its liabilities. Iran's total financial dealings with foreign banks came to 11.957 billion dollars in the first quarter of 2026, down about 5 percent from 12.559 billion dollars in the fourth quarter of 2025.
Bourse News
Dollar Climbs to 201,960 Tomans in Iran's Free Market as Euro and UAE Dirham Also Rise
The US dollar rose in Tehran's free market on Thursday, 5 Shahrivar 1405 (August 27, 2026), reaching 201,960 tomans, up from the previous day. According to Donya-e-Eqtesad, the remittance dollar rate also climbed, from 157,716 to 158,038 tomans. The remittance euro rate reached 184,129 tomans, while the free market euro traded at 233,850 tomans. The UAE dirham remittance rate rose to 43,033 tomans, though the free market dirham eased slightly to 54,320 tomans. The British pound reached 272,660 tomans, and the Turkish lira was quoted at 4,200 tomans. Sahmino's own price feed showed the dollar at 200,700 tomans (2,007,000 rials) around the same hours, consistent with the increase reported by Donya-e-Eqtesad and Arzdigital.
Donya-e-Eqtesad
No Timetable for Iran Talks, Trump Tells Al Jazeera, as the Rial Trades Near 2.02 Million Per Dollar
US President Donald Trump told Al Jazeera, in an interview published Wednesday, 4 Shahrivar 1405 (August 26, 2026), that he has no timetable for Iran's return to negotiations and is in no hurry. He said the United States is winning very big while Iran faces heavy inflation and a sharply weaker currency. The remarks come six months after the US war on Iran began on February 28, and after a 60 day US Iran memorandum covering the Strait of Hormuz, sanctions relief and nuclear talks expired earlier this month. According to Alanchand.com, the free market dollar rate in Tehran reached 201,600 tomans (2.016 million rials) on Wednesday evening, up 100 tomans from the previous day, a level consistent with Sahmino's own price feed, which showed 2.005 million rials at 18:14 the same day. Iran's Foreign Ministry has called the latest US sanctions a violation of international law and the UN Charter.
Al Jazeera
IRGC Announces Controlled Ordnance Disposal Near Pakdasht Today
The public relations office of the Seyyed al Shohada IRGC corps for Tehran province said in a notice on Wednesday, Shahrivar 4, 1405 (August 26, 2026), that a controlled neutralization and disposal operation for unexploded ordnance would be carried out from 10:00 to 16:00 today around Pakdasht county, by specialist disposal teams. The notice said explosion sounds may be heard in nearby areas during the operation, and it asked residents to remain calm, disregard rumors and follow news only from official sources. Advance notices of this kind have become more frequent in recent weeks, aimed at preventing the sound of planned technical operations from being mistaken for attack reports, a mix up that has repeatedly driven short term swings in Tehran's currency and gold markets.
EcoIran, citing Mehr News Agency
Gold and Currency Market Corrects a Day After Record High
Iran's gold and currency market entered a corrective phase on Tuesday, 3 Shahrivar 1405 (August 25, 2026), a day after setting fresh records. The Central Bank began supplying 500 million dollars in banknotes to the banking network today and said it could raise the volume if demand increases. That move, together with positive reports on Iran Pakistan talks, helped calm the market. According to Ecoiran, the free market dollar fell about 1,900 tomans (0.94 percent) from Monday to 201,100 tomans, a level corroborated by the Alanchand tracker, which showed a similar decline (near 1,800 tomans) to about the same range. Tether also fell 3,090 tomans (1.53 percent) to 198,300 tomans. At the same time, global gold fell 27 dollars (0.58 percent) to 4,638 dollars an ounce, and the domestic coin and gold market retreated as well. The Emami coin dropped 6 million tomans (2.71 percent) to 215.5 million tomans, and the quarter coin fell 2 million tomans (3.28 percent) to 59 million tomans.
Ecoiran
Free Market Dollar Sets Fresh Record Above 205,000 Tomans
The free market dollar set a fresh record in Tehran on Tuesday, August 25, 2026. According to Alanchand, the US dollar rose 2,500 tomans (1.23 percent) from the previous day to 205,700 tomans by 11:35am Tehran time, after climbing 2,700 tomans to 203,200 tomans on Monday, August 24 (2 Shahrivar). The report put the dollar's 24 hour range at a low of 200,400 tomans and a high of 205,700 tomans, up about 9.3 percent from a week earlier. Donya e Eqtesad had put the dollar at 204,560 tomans at 11:14am, pointing to a steady climb through the morning. The free market euro reached 238,190 tomans and the UAE dirham 55,590 tomans, Donya e Eqtesad reported.
Alanchand
Central Bank Authorizes Individuals to Buy Up to 1,000 Dollars in Banknotes
Iran's Central Bank announced new measures on Tuesday, August 25, 2026 (3 Shahrivar 1405) to expand access to foreign banknotes through the official banking network. According to EcoIran, citing Tasnim, legal entities may now buy up to 5,000 dollars in banknotes at the negotiated rate at branches of Bank Mellat, Tejarat and Saderat, while individuals are permitted to buy up to 1,000 dollars in banknotes at the same branches. The Central Bank said the move is meant to strengthen the supply of foreign currency, respond more directly to the needs of economic actors and deepen official banknote transactions, adding that the decision followed the build up of its foreign currency reserves since late last year. The bank said further foreign exchange market management measures would be announced later.
EcoIran, citing Tasnim
Free-Market Dollar Climbs Past 203,000 Tomans to a Fresh Record
Iran's free-market dollar rate rose on Monday, August 24, 2026 (2 Shahrivar 1405). According to Donya-e-Eqtesad, the rate stood at 201,640 tomans as of 11:30 local time, with the upward move continuing through the day. Live data from Alanchand.com showed the dollar trading as high as 203,700 tomans by the late afternoon, up about 3,200 tomans, or 1.6 percent, from yesterday's rate of 200,500 tomans, a fresh record for the free market. Gold and coin prices tracked the dollar's rise on the same day.
Donya-e-Eqtesad
Hemmati: FX for Essential Goods and Medicine Is Secured; $20 Billion to Go to Industry by Year End
Abdolnaser Hemmati, governor of the Central Bank of Iran, told Mehr News Agency on Monday, Shahrivar 2, 1405 (August 24, 2026), at a meeting with members of Iran's Entrepreneurs Assembly, that the central bank began stockpiling foreign currency last Bahman in anticipation of difficult conditions ahead, and can now confidently guarantee FX supply for essential goods and medicine. He said the FX needed by industry would also be secured by year end, with $20 billion allocated to that sector. Hemmati said the bank has supplied an average of $175 million a day in FX since the start of the current year, compared with about $205 million a day in the same period last year. He described the recent widening of the market exchange rate gap as "temporary" and said currency policy should not change because of short term fluctuations. He also said monthly inflation in Mordad was about 4 percent and liquidity growth has slowed.
Mehr News Agency
Mohsen Rezaei: Not a Single Drop of Oil Will Be Exported if Economic War Continues
Mohsen Rezaei, secretary of Iran's Supreme National Security Council, wrote on social media early Monday, Shahrivar 2, 1405 (August 24, 2026), that if the US economic war against Iran continues, not a single drop of oil will be exported, neither through the Strait of Hormuz nor from any other point in the Persian Gulf. He added that Iran will treat any country's participation in or support for this economic war as an act of war. The warning came after US Treasury Secretary Scott Bessent, according to Mehr News Agency, claimed Washington was launching the "biggest economic attack" in its history against Iran on Monday morning, aimed at cutting Iran's vital economic arteries. Bessent warned that countries continuing to trade with Tehran would also face a decisive response from the US government. Bessent had earlier, on Thursday, Mordad 29 (August 20), told CNBC that Washington would impose the "toughest sanctions in history" on Iran.
Donya-e-Eqtesad, citing Mehr News Agency
Rial Settlement Rate Set for Exporters' 1397 to 1400 Foreign Currency Debt
Mohammad Lahouti, chairman of the Export Commission at the Iran Chamber of Commerce, said on Sunday, Shahrivar 1, 1405 (August 23, 2026), that a new resolution on rial settlement of exporters' foreign currency debts from 1397 to 1400 (2018 to 2021) has been approved by the currency repatriation working group. According to Eghtesadonline, the settlement rate is set at 5 percent of the exchange center's daily transfer rate for production units and 10 percent for non production companies and individuals holding a commercial card; unlike the previous round, the settlement will now count as full discharge of the currency obligation. Lahouti said fewer than 10 percent of eligible debtors had used the option in the earlier round, but demand to reopen the settlement system rose after new restrictions were imposed on commercial cards and export ceilings.
Eghtesadonline
Hemmati: We Are Supplying Currency Morning to Night; Pay No Attention to Rumors
Abdolnasser Hemmati, governor of Iran's Central Bank, said on Sunday, Shahrivar 1, 1405 (August 23, 2026), on the sidelines of a cabinet meeting, in remarks carried by Fars News Agency, that the central bank is supplying foreign currency "morning to night" and applying monetary policy, and urged people to pay no attention to what he called "rumor mongering." The remarks came the same day the free market dollar in Tehran, up nearly 7,200 tomans (3.74 percent) from the previous day as of 19:59 Tehran time, crossed the 200,000 toman mark, while gold and coin prices also set fresh records. Hemmati has repeatedly said in recent days that the central bank has supplied more foreign currency this year than in the same period last year.
Eghtesadonline, citing Fars News Agency
Judiciary: Uncovered FX Violation Debt Reaches 1.7 Billion Euros
Iran's judiciary announced on Sunday, Shahrivar 1, 1405 (August 23, 2026), that the total foreign currency debt uncovered in violation cases has reached 1.7 billion euros, publishing abbreviated names of the companies and individuals involved. According to Ecoiran, the announcement followed repeated calls by the judiciary's chief to combat currency related corruption, and the report said judicial action has so far led to the return of billions of dollars in foreign currency to the country. Further details on the number of cases or arrest timelines were not disclosed.
Ecoiran
Dollar Hits 200,000 Tomans in Today's Trading, Up 7 Percent in a Week
The US dollar in Tehran's free market crossed the 200,000 toman threshold for the first time on Sunday, Shahrivar 1, 1405 (August 23, 2026). According to Ecoiran, the jump was recorded mid session, around 15:50 local time. Data from the TGJU price index showed the dollar at 199,700 tomans as of 19:30 Tehran time, with an intraday high of 200,720 tomans, up 7,000 tomans (3.7 percent) from the previous day. Alanchand.com quoted a 200,300 toman sell rate at the same time. TGJU data put the weekly gain at 7.07 percent and the year on year increase at 108.45 percent. As of Sunday morning, the dollar had been trading around 188,000 tomans.
Ecoiran
Central Bank Announces $7.5 Billion in Oil Revenue Deposited Into Its Account
The Central Bank of Iran announced on Saturday, August 22, 2026, that the Ministry of Petroleum deposited 7.5 billion dollars in oil-sale revenue into its account. According to Ecoiran, the sum, together with revenue from the period before the latest escalation in sanctions, could help cover part of the foreign-currency needs for importing essential goods. The announcement came the same day Hemmati had said Iran's oil revenue had stopped and a large share of the country's foreign reserves were inaccessible.
EcoIran
Hemmati: Iran's Oil Revenue Has Stopped and a Large Share of Its Foreign Reserves Are Inaccessible
According to Ruznameh Sazandegi, cited by EcoIran and published Saturday, August 22, 2026 (31 Mordad 1405), Central Bank of Iran Governor Abdolnasser Hemmati said in a television appearance that Iran's revenue from oil sales has nearly stopped. He said Iraq and Qatar are also facing a halt in part of their oil revenue because of regional conditions, but unlike Iran they retain access to their own central bank reserves, while a significant portion of Iran's foreign reserves held abroad remain frozen. Hemmati described the current situation as more difficult than the 2018 to 2020 sanctions period, when he also headed the central bank. He also pointed to a simultaneous decline in government tax revenue and social security premium collections. According to Sazandegi, economists say a simultaneous halt in oil, tax and insurance revenue raises the risk that the budget deficit will be financed through borrowing from the banking system, fueling monetary base growth and inflation.
EcoIran, citing Ruznameh Sazandegi
Tehran's Free Market Dollar Reaches 192,400 Tomans, Up 3 Percent in a Week
According to the TGJU gold and currency information network, updated Saturday afternoon, August 22, 2026 (31 Mordad 1405), the US dollar on Tehran's free market reached 1,924,050 rials (192,405 tomans), up about 30,050 rials (1.6 percent) from yesterday's 1,894,000 rials. Today's session high was 1,924,200 rials and its low was 1,898,800 rials. The dollar is up about 3.1 percent from a week earlier (Sunday, August 16, at 1,866,800 rials) and about 8.4 percent from three months ago (May 23, at 1,774,200 rials). It remains about 1 percent below its all time high of 1,945,000 rials, set on July 18, 2026. According to EcoIran, the same rate stood at 191,270 tomans at 12:13pm Tehran time today, reflecting a steady rise through the session.
EcoIran
Tehran's Free Market Dollar Breaks Above 190,000 Tomans to a Multi Week High
In Tehran trading on Wednesday, August 19, 2026 (28 Mordad 1405), the free market dollar opened with a 920 toman positive gap at 189,100 tomans and climbed as high as 191,310 tomans, a 3,130 toman rise from Tuesday's close and the rate's first move into the 190,000 toman channel in recent weeks. According to Donya e Eqtesad, the jump came after the Iran US ceasefire understanding ended on Monday, August 17 (26 Mordad), with no fresh diplomatic signal since. At the same time, 18 karat gold rose 295,000 tomans on Wednesday to 19,527,000 tomans per gram, and the Emami gold coin jumped 3,600,000 tomans to 194,500,000 tomans. Global gold, trading around 4,375 dollars an ounce at 4 pm Wednesday, continued climbing to 4,508 dollars by 4:20 am Thursday. Per the Tehran Gold and Jewelry Union's rates at that same predawn hour on Thursday, 18 karat gold was priced at 19,760,000 tomans per gram and the Emami coin at 197,000,000 tomans.
Donya-e-Eqtesad
Hemmati: No Portion of Iran's Blocked Funds Has Been Released Under the Memorandum So Far
Central Bank of Iran Governor Abdolnasser Hemmati said early on Thursday, 29 Mordad 1405 (August 20, 2026), in remarks carried by Ecoiran, that no portion of Iran's blocked foreign currency reserves has been released so far under the relevant memorandum. He gave no further detail on which countries or institutions are party to the memorandum, or on a possible release timeline. The remarks came on the same day US President Donald Trump said he would announce the "most crushing" new economic action against Iran, a juxtaposition that highlights the gap between diplomatic promises and the reality on the ground for Iran's blocked funds.
Ecoiran
Trump Claims He Will Unveil the Harshest Economic Action Ever Taken Against a Country, Aimed at Iran
US President Donald Trump said on Wednesday local time (Thursday, 29 Mordad 1405, August 20, 2026) in a post on Truth Social that he would announce today the most crushing economic action ever taken against any country, targeting Iran, describing it as an economic war and isolation on an unprecedented scale. According to IRNA, carried by Ecoiran, and separately Al Jazeera, carried by Donya e Eqtesad, Trump warned that any country that lets its financial institutions, companies or airports provide any lifeline to Iran would face severe economic consequences, and called for an immediate halt to oil smuggling, barter deals, cash transfers, exchange house activity, ship registrations and shell companies linked to Iran. Specific details of the new action, such as named institutions or an exact timeline, had not been announced as of this report.
Ecoiran, citing IRNA
$7.5 Billion in Oil Revenue Reached Iran's Central Bank in First Four Months of the Year, 1.5 Times Last Year's Pace
According to Donya-e-Eqtesad, published Thursday, August 20, 2026 (29 Mordad 1405), Iran's central bank received about $7.5 billion in oil sale revenue in the first four months of the Iranian year 1405, roughly 1.5 times the amount for the same period last year. The central bank had earlier built up about $4.5 billion in additional foreign currency reserves during the recent war. Iranian economic officials say these resources, together with other foreign currency income, can cover the country's essential import needs through the first ten months of the year. Under three scenarios in the report, based on an assumed oil price of $80 a barrel, daily exports of 500,000 barrels would generate about $14.6 billion in annual gross revenue, 1 million barrels about $29.2 billion, and 1.5 million barrels about $43.8 billion, figures the report says depend on this year's political conditions and trade restrictions.
Donya-e-Eqtesad
Preferential Currency for Medicine Not Removed, Food and Drug Organization Denies Broad Price Hikes
Mohammad Hashemi, spokesperson for Iran's Food and Drug Organization, said on Thursday, August 20, 2026 (29 Mordad 1405) that the preferential currency allocated for medicine has not been removed, and that a change in the rate for some pharmaceutical intermediate materials does not mean broad price increases for medicines. According to Donya-e-Eqtesad, he stressed that the Health Ministry's policy remains focused on preventing the financial pressure of currency fluctuations from being passed on to patients. The comments come after months of rising free-market dollar rates that had fueled concern among patients and industry figures about the fate of the preferential currency for medicine and the possibility of rising drug prices.
Donya-e-Eqtesad
Tehran's free-market dollar enters the 189,000-toman channel, up nearly 1 percent in a day
Tehran's free-market US dollar rate crossed into the 189,000-toman channel on Wednesday, August 19, 2026 (28 Mordad 1405). According to price tracker AlanChand, the dollar reached 189,900 tomans in the 15:45 Tehran time update, up 1,700 tomans, or 0.90 percent, from yesterday's 188,200 tomans. The currency's 24-hour range was between 186,500 and 189,900 tomans, and it is up about 1.44 percent from a week earlier. The rise came alongside heightened regional tensions, including the United Arab Emirates' suspension of trade and financial ties with Iran early Wednesday. The Gold and Currency Information Network (TGJU.org) also recorded the dollar in a similar range, around 189,200 tomans, during the same hours.
AlanChand
Free Market Dollar Tops 188,000 Tomans in Tehran as Trump's Threats Intensify
According to Ecoiran, Tehran's currency and gold market climbed on Tuesday, August 18, 2026 (27 Mordad 1405), with the free market dollar crossing 188,000 tomans, a rise the outlet linked to intensifying threats from Donald Trump and Iran's own position. Live rates tracked by tgju.org put the dollar at 1,870,100 rials (187,010 tomans) at 19:59 Tehran time that day, up 5,100 rials (0.27 percent) from the previous day. The Emami gold coin's premium stayed near zero, which Ecoiran said shows the rally has not yet turned speculative.
EcoIran
Central Bank Accepts Only 12.4 Percent of Banks' Requests in 20th Open Market Operation
In its 20th open market operation, held on 26 Mordad 1405 (August 17, 2026), Iran's central bank saw banks request a combined 483.12 trillion tomans in funding, but approved only 60 trillion tomans of that, an acceptance rate of about 12.4 percent, according to Donya-e-Eqtesad. In the previous week's operation, the central bank had also approved 60 trillion tomans, but bank demand had been lower, meaning this week's acceptance ratio fell. Part of banks' unmet funding needs shifted to the overnight market, where the yield to maturity stands at 24 percent, compared with the 23 percent open market rate. Banks drew between 98 and 117 trillion tomans from the overnight market during this period. By comparison, in the year's first open market operation on 17 Farvardin 1405, held under wartime conditions, the central bank had approved all of banks' requests. Donya-e-Eqtesad said the trend signals the central bank moving toward a tighter monetary policy stance to control liquidity growth and curb inflation.
Donya-e-Eqtesad
CBI Governor Calls for Linking BRICS Payment Networks and Wider Use of National Currencies at Jaipur Meeting
Abdolnaser Hemmati, governor of the Central Bank of the Islamic Republic of Iran (CBI), told a meeting of BRICS finance ministers and central bank governors in Jaipur, India, reported by Boursenews on Monday, 17 August 2026 (26 Mordad 1405), that the bloc needs a dedicated BRICS financial corridor and linked national payment networks among member states. He said connecting payment networks and expanding the use of national currencies could reduce reliance on financial channels outside BRICS and lower the cost and risk of transactions. Hemmati added that Iran's central bank has taken part in BRICS working groups on cross border payments, financial technology and sustainable finance since joining the bloc, and is ready to help draft a roadmap for linking members' payment systems and to pursue membership in the New Development Bank.
Boursenews
In Tehran Trading Today, the Dollar, Euro and UAE Dirham All Rise
According to Donya-e-Eqtesad, in Tehran's currency market today, Monday, 26 Mordad 1405 (August 17, 2026), the free market dollar rose from the previous day to 187,130 tomans, while the hawala dollar rate rose from 155,428 to 155,737 tomans. The free market euro rose to 216,980 tomans and the UAE dirham's free market rate rose to 50,650 tomans, even as the hawala euro rate edged down slightly, from 179,793 to 179,777 tomans. The British pound rose to 253,780 tomans, and the Turkish lira traded higher at around 3,910 tomans.
Donya-e-Eqtesad
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.
EcoIran
Free Market Dollar Rate Falls in Tehran Today
According to Donya-e-Eqtesad, the free market dollar rate in Tehran fell from the previous day on Sunday, 25 Mordad 1405 (August 16, 2026), reaching 186,640 tomans. The free market euro also eased, to 215,930 tomans, while the UAE dirham stood at 50,800 tomans and the British pound at 252,550 tomans in the free market. By contrast, the official transfer rate at Iran's Currency and Gold Exchange Center rose from 155,163 to 155,428 tomans. Per Sahmino's own market data, the free market dollar was also trading around 1,863,000 rials (186,300 tomans) in mid session today, likewise down from the previous day.
Donya-e-Eqtesad
Tehran's Free Market Dollar Rises to 187,120 Tomans Today; Gold Also Turns Higher
According to Donya-e-Eqtesad, Tehran's free market dollar rate rose from the previous day on Saturday, August 15, 2026 (24 Mordad 1405), reaching 187,120 tomans. The outlet separately reported that the exchange center's dollar rate also rose from the day before and that gold prices turned higher, a reversal from the morning's decline in gold and coin prices previously reported by the Tehran Gold and Jewelry Union via Ecoiran. Live data from Alanchand, updated at 11:35 a.m. Tehran time today, showed the free market dollar trading at a buy rate of 185,350 tomans and a sell rate of 187,200 tomans, consistent with the figure reported by Donya-e-Eqtesad.
Donya-e-Eqtesad
Hemmati Discusses Monetary Cooperation With South Africa's Central Bank Governor on Sidelines of BRICS Meeting in India
Abdolnasser Hemmati, Governor of the Central Bank of Iran, who traveled to India to attend the BRICS finance ministers and central bank governors' meeting, met and held talks with South African Reserve Bank Governor Lesetja Kganyago on the sidelines of the gathering on Thursday, August 13, 2026 (22 Mordad 1405). According to the Central Bank of Iran's website, as carried by Donya-e-Eqtesad, the two discussed the potential for expanding monetary and banking cooperation between the two countries and ways to facilitate trade transactions and strengthen ties between their banking institutions. Hemmati had earlier met, on Wednesday, August 12 (21 Mordad), with his Indian counterpart Sanjay Malhotra and with Dilma Rousseff, president of the New Development Bank (NDB).
Donya-e-Eqtesad, citing the Central Bank of Iran
Dollar Rebounds From One Month Low in Tehran's Free Market, Tops 187,000 Tomans
According to Khabaronline, the dollar in Tehran's free market reached 187,800 tomans (1,878,000 rials) on Wednesday, August 12, 2026 (21 Mordad 1405). Tgju.org reported this level was up 1.19 percent from the prior day (Tuesday, 20 Mordad) and up 3.76 percent over the past month, a marked rebound from this week's one month low of about 183,000 tomans recorded on Monday, August 10 (19 Mordad). The rebound coincided with a rise in the global gold price and a jump in the Emami gold coin's premium, and came after the dollar's five day slide, the longest losing streak of the year, had earlier been attributed to speculation over easing tensions in the Strait of Hormuz. Tgju.org's report noted that over the same one month period, the gold coin outperformed the dollar, rising 7.04 percent.
Khabar Online
Central Bank Governor: Iran to Join BRICS New Development Bank Soon
Abdolnasser Hemmati, governor of the Central Bank of Iran, said in the early hours of Wednesday, August 12, 2026 (21 Mordad 1405), that Iran will soon join the BRICS New Development Bank, calling it the bloc's most important achievement. He said monetary, banking and digital economy cooperation between Iran and India has already begun, and that BRICS summits offer an important opportunity to meet officials from member states with which Iran conducts the bulk of its monetary and banking exchanges. Hemmati added that Iran and other BRICS members are seeking to expand bilateral and trilateral monetary cooperation based on national currencies. The remarks came as Iran, under US sanctions, seeks to develop alternative financial and banking channels with its trading partners.
Donya-e-Eqtesad
Global Gold Outpaces Free-Market Dollar by 5 Percent Over the Week; Tehran's Emami Coin Reaches 189 Million Tomans
According to Ecoiran, Tehran's gold and currency market rose on Tuesday, August 11, 2026 (20 Mordad 1405), driven by both political headlines around the Strait of Hormuz and a rally in the global gold price. The free-market dollar rose 1,700 tomans (0.92 percent) from the previous day to 187,500 tomans, and the euro gained 1.31 percent to 216,300 tomans. Globally, spot gold rose 1.5 percent to $4,396 an ounce, and that move, combined with the higher domestic dollar rate, pushed Tehran's 18 karat gold up 1.54 percent to 19,017,000 tomans and the Emami gold coin up 1.39 percent to 189,100,000 tomans, even as the Emami coin's premium over intrinsic value stood at negative 2.5 percent. In Ecoiran's review of the week's performance through the same day, global spot gold's 4.87 percent gain was the best return among gold and currency markets, while the free-market dollar fell 0.37 percent and USDT-based rates fell 0.69 percent over the same period, indicating the global ounce price, not the exchange rate, was the main driver behind this week's rise in domestic gold.
Ecoiran
Tehran Dollar Jumps 1.1 Percent, Ending Five Day Slide as Gold and Coin Follow Higher
According to Bourse News, the free market dollar rate table for Tehran was updated on Tuesday, August 11, 2026 (20 Mordad 1405). Concurrent data from TGJU showed the rate up 2,105 tomans from the previous day to 187,705 tomans, a gain of more than 1.1 percent that took the day's high to 187,820 tomans. Data from Alanchand recorded the dollar's sell rate at about 187,450 tomans over the same window. The jump halted the dollar's five day decline, which began the previous Wednesday and had pushed the rate to a one month low. At the same time, Tehran's 18 karat gold rose 1.41 percent to 19,074,000 tomans and the Emami coin gained 1.33 percent to 188,990,000 tomans, even as global spot gold eased 0.63 percent to $4,361 an ounce over the same period.
Bourse News
Tehran's Free Market Dollar Hits Monthly Low Monday, Fifth Straight Day of Declines
Tehran's free market US dollar rate posted its fifth straight daily decline on Monday, 19 Mordad 1405 (10 August 2026), reaching a one-month low; according to Donya-e-Eqtesad, this is the longest losing streak of the year, since the previous longest run of declines had been four consecutive days. In Monday's trading, quoted selling rates for a US dollar banknote ranged from 181,500 to 184,500 tomans, with 183,000 tomans both the market midpoint and the most frequently quoted rate. Donya-e-Eqtesad reported that the decline began alongside growing speculation about a possible joint Iran Oman statement on a mechanism for commercial ship passage through the Strait of Hormuz; market participants also cited continued dollar supply from a market maker in the spot market as a factor capping the rate. Alongside the dollar's fall, Tehran's domestic gold market eased slightly: the new design Bahar Azadi coin traded at midday Monday at 186,150,000 tomans, down 150,000 tomans from Sunday. Globally, gold held above $4,300 an ounce; weaker than expected US jobs data cut the priced in odds of a 25 basis point Federal Reserve rate hike at the September meeting to about 44 percent, down from about 67 percent a week earlier. Brent crude rose above $84 a barrel on Monday, its fourth consecutive rising session, with continued uncertainty over the Strait of Hormuz remaining a key support for oil prices.
Donya-e-Eqtesad
Free Market Dollar in Tehran Falls to 185,600 Tomans on Monday, 19 Mordad
According to Khabaronline, the free market dollar in Tehran reached 185,600 tomans on Monday, 19 Mordad 1405 (August 10, 2026), while the euro was priced at 214,530 tomans. The figure extends the previous day's decline: the free market dollar had already fallen to 185,910 tomans on Sunday, 18 Mordad, according to Donya e Eqtesad, losing the 186,000 toman level that same day. Sahmino's own price data confirms a roughly 3,000 toman (0.16 percent) drop in the negotiated dollar rate through the close of Sunday, 18 Mordad trading (19:59 Tehran time). Meanwhile, the official exchange center dollar rate rose 0.31 percent on Monday to 1,549,310 rials.
Khabaronline
Tehran Dollar Slips to 185,900 Tomans as Gold and Coin Move the Other Way
Data tracked by Sahmino show the US dollar in Tehran's market fell 1.14 percent (2,120 tomans) to 185,900 tomans on the evening of Saturday, August 8, 2026 (17 Mordad 1405). According to Ecoiran, news that Iran, Oman and the United States were nearing a deal to reopen the Strait of Hormuz was seen as significant for Tehran's currency market, pushing the dollar, tether and the UAE dirham lower. Gold and coin prices did not follow the same path: the Emami gold coin rose 0.81 percent to 186,525,000 tomans, and its premium over intrinsic value jumped about 32 percent to 3,553,000 tomans. Ecoiran attributed the divergence to a rise in the global gold price, which pushed the coin and gold market's intrinsic value above its trading price.
EcoIran
Central Bank Governor: At Most 40 Percent of Foreign Trade Could Move Overland Under a Naval Blockade
Abdolnaser Hemmati, governor of the Central Bank of Iran, said in an interview with IBENA published on Saturday, August 8, 2026 (17 Mordad 1405), marking National Journalists' Day, that in the event of a naval blockade closing the Strait of Hormuz, at best only 30 percent, and with maximum effort up to 40 percent, of Iran's foreign trade could be handled through overland and northern routes. He added that a naval blockade could generate inflationary expectations independent of its direct effect on imports and exports. Hemmati said the central bank's measures to manage the consequences of the war began on February 27, 2026 (9 Esfand 1404), and that alongside supplying foreign currency for essential goods and medicine, the bank has also had to set the country's monetary and credit policy. He attributed a significant part of wartime price increases to supply pressure and damage to some factories and petrochemical plants, and said the renewed acceleration of inflation that began again in Farvardin this year was halted in Khordad and Tir.
IBENA
Judiciary Spokesperson: Arrest Warrants Issued for 148 Defendants Among 700 Currency Violation Cases
Asghar Jahangir, spokesperson for Iran's judiciary, said on Saturday, August 8, 2026 (17 Mordad 1405), discussing the handling of currency violation cases, that so called "trusteeship" cases, failure to meet foreign currency obligations, and failure to repatriate export earnings are three separate categories that should not be conflated. He said 583 reports from the General Inspection Organization and 117 cases from other provinces have been referred to Tehran's Economic Crimes Prosecutor's Office, and that these 700 cases combined are now being handled across five branches. Jahangir said charges have so far been filed in 30 of the cases, with 28 people arrested, including 16 chief executives and 12 beneficiaries of business trade cards. He added that in 9 cases, misuse of trade cards for imports or exports has been established, and that in total the judiciary has issued arrest warrants for 148 defendants in currency violation cases. The remarks came amid a wider judicial push against currency market violations that has run alongside other regulatory action in Iran's foreign exchange market in recent months.
Donya-e-Eqtesad, citing Mehr News
Industry Ministry Expands Personal FX Import Quota to 3,414 Tariff Lines
According to Boursenews, in a report published Saturday, August 8, 2026 (17 Mordad 1405), Iran's Ministry of Industry, Mining and Trade made the personal foreign exchange quota known as self and others deposit available for 3,414 tariff codes. The report said the list mainly covers raw materials and intermediate goods needed by manufacturers, including inputs for the food and agriculture industry, chemicals and petrochemicals, pharmaceutical and hygiene raw materials, textiles and fibers, base metals and steel, aluminum and copper products, and industrial and electrical parts, equipment and machinery. The stated goal of the move is to ease the supply of inputs needed by domestic production and industrial units through this channel.
Bourse News
Tax Affairs Organization Issues New Directive on Currency Conversion Rate for Imports Without Currency Transfer
According to Boursenews, in a report published Saturday, August 8, 2026 (17 Mordad 1405), the head of Iran's Tax Affairs Organization issued a directive to tax offices nationwide setting out how to determine the currency conversion rate in tax reviews of imports made without a currency transfer. Under the directive, the primary basis for calculating an imported good's cost is the rate recorded in the taxpayer's supporting documents, such as contracts and remittance orders, and only when valid documents are missing does the National Iranian Exchange's selling rate on the relevant date apply. The directive also states that if the required currency is later supplied by the central bank or another authorized body after the goods arrive, the tax effects of that supply must be calculated at the time of the review.
Bourse News
Dollar Near 187,000 Toman and Global Gold Near $4,343 as Saturday's Session Opens
According to Eghtesadnews, republished by Donya-e-Eqtesad, at 2:30am Tehran time on Saturday, August 8, 2026 (17 Mordad 1405), the free-market dollar was quoted at 187,860 toman in forward trading, 18 karat gold traded at 18,883,000 toman based on Tehran Gold and Jewelry Union rates, and the Emami coin traded at 187,500,000 toman. Global gold closed Friday, August 7, at 4,342 dollars an ounce and held at that level into the weekend due to the closure of international markets on Saturday and Sunday. Live data from TGJU at 9:52am Tehran time on Saturday put the gold ounce at 4,343.43 dollars, up 7.13 percent on the week, and 18 karat gold at 18,578,200 toman, up 1.35 percent on the week. Alanchand quoted the free-market dollar at the same time at a buy price of 185,550 toman and a sell price of 187,400 toman. Eghtesadnews said the dollar's recent partial pullback, driven by lower political tension and hopes for a deal to reopen the Strait of Hormuz, has offset some of the upward pressure that rising global gold has put on domestic gold and coin prices.
Donya-e-Eqtesad, citing Eghtesad News
US Treasury Imposes New Sanctions on Iran-Linked Oil and Exchange Network; Bessent Says Hormuz Situation Will Not Return to Normal
The US Treasury Department imposed new sanctions on Friday, August 7, 2026 (16 Mordad 1405), on a number of companies, exchange houses and financial intermediaries linked to Iran. According to ISNA, Treasury Secretary Scott Bessent said in a statement that Iranian oil purchases by so called "teapot" refineries are a key economic lifeline for Iran. State Department spokesperson Tommy Pigott said, per Anadolu, that the goal of the measures is to cut off Iran's "financial arteries" and close routes Washington alleges are used to evade sanctions. The same day, in remarks carried by Khabaronline via Al Jazeera, Bessent described Washington's dual track approach in the war with Iran, claiming inflation in Iran has reached 150 to 180 percent and that its military is struggling to pay its forces. He also said the situation in the Strait of Hormuz will never return to what it was before the war, saying Iran had used the waterway as a chokepoint.
Donya-e-Eqtesad, citing ISNA
US State Department Announces New Sanctions on Network of Iranian Exchange Houses and Front Companies
The US State Department said in a statement on Friday, August 7, 2026 (16 Mordad 1405), that it has imposed new sanctions on a network of exchange houses and front companies linked to Iran. According to Khabaronline, citing Al Jazeera, the new measures aim to dismantle channels Washington alleges have helped Iran move hundreds of millions of dollars and evade existing sanctions. A US official said in the statement: "We are making clear that any person, entity, or country that helps Iran evade sanctions will face very severe consequences." The State Department described the goal as deepening the isolation of Iran's financial system from the international system and closing off routes for financing abroad, and it pledged to work with regional and international partners to block all channels through which Iran accesses funds held overseas.
Khabar Online, citing Al Jazeera
Mazandaran Exporters Repatriate 77 Percent of Export Currency as €367 Million in Obligations Remain
Ali Taghipour, head of the Mazandaran Chamber of Commerce, Industry, Mines and Agriculture, told Khabaronline on Friday, August 7, 2026, that the province has repatriated an average of 77 percent of its export foreign currency earnings, a relatively strong standing compared with many other Iranian provinces. He said the province's exporters carry total outstanding foreign currency obligations of about 1.6 billion euros, of which roughly 367 million euros remains unresolved. Of that 367 million euros, about 139 million euros is held by just eight exporters, Taghipour said. He called current currency repatriation requirements overly strict and urged regulatory reform to remove administrative obstacles for genuine exporters.
Khabaronline
Pezeshkian: We Must Raise the Food Subsidy Card Amount as the Exchange Rate Has Risen
Iranian President Masoud Pezeshkian said on the night of Thursday, August 6, 2026 (15 Mordad 1405), coinciding with the second anniversary of his presidential inauguration, in a televised interview with the public carried by Mizan news agency and republished by Donya-e-Eqtesad, that the government must now raise the amount of the kalabarg food subsidy card because the exchange rate has risen. He said the government's approach is based on justice, noting that subsidies paid in the country have so far gone disproportionately to higher income deciles rather than lower ones. Pezeshkian explained that the government's first step in this direction was paying the currency subsidy for basic goods directly to the final consumer through the kalabarg card, instead of paying it at the start of the import chain. He said this policy eliminated widespread corruption that had previously formed around preferential currency allocation, since it removed the ability to misstate prices to obtain more currency or to withhold export proceeds. In another part of the same interview, previously carried by Ecoiran, the president said the government is working to raise the kalabarg amount but is facing difficulty due to a shortage of foreign currency.
Donya-e-Eqtesad, citing Mizan
Banks and licensed exchanges required to buy back leftover Arbaeen pilgrims' dinars
According to Boursenews, published Thursday, August 6, 2026 (15 Mordad 1405), Iran's banking network and licensed currency exchanges have been required to buy back Iraqi dinars left over with pilgrims who traveled for the 1405 Arbaeen pilgrimage. Pilgrims seeking to sell their remaining dinar balances can do so with banks and licensed exchanges at a mutually agreed rate. Banks and exchanges are authorized to purchase this currency under the essential-needs category, though pilgrims have been advised to use licensed exchange offices rather than banks to speed up the process, since small-scale currency transactions are better suited to exchange operations.
Bourse News
Tehran prosecutor announces broad asset seizures against trustee companies in FX obligation cases
Tehran Prosecutor Salehi announced on Thursday, August 6, 2026 (15 Mordad 1405), according to Ecoiran citing the judiciary's media center, broad asset seizures against so-called trustee companies in cases related to unmet foreign currency obligations. He said cash recoveries included $50 million in one case, 55 million euros in another, and 53 million UAE dirhams in a third, alongside a 1.673 trillion toman offset against the companies' assets. The prosecutor listed seized assets including 86 luxury vehicles, 187 land plots covering 1.868 million square meters, 86 apartments in various cities, four villas in Lavasan, Gilan and Mazandaran, and two factory properties covering 32,000 square meters. He said the seizure and confiscation process to recover undelivered foreign currency continues in earnest.
EcoIran, citing مرکز رسانه قوه قضاییه
Central bank deputy details Iran Wallet activation: dial #98* USSD code, no bank visit required
A deputy governor of the Central Bank of Iran detailed on Thursday, August 6, 2026, how citizens can activate the new Iran Wallet service, speaking on state television. He said users do not need to visit a bank branch in person: dialing the USSD code #98* from a mobile number registered in their own name is enough to activate the wallet. He added that the service's main use is quick, simple money transfers between individuals using only the recipient's phone number, with both sender and receiver notified once a transfer succeeds. The official said user profiles have already been created for about 90 million citizens, covering nearly all holders of a bank account in Iran, and the only remaining step is linking each person's registered mobile number to their national ID to unlock full access to the wallet.
Donya-e-Eqtesad, citing ISNA
Iran's central bank unveils new forex time deposit certificate to attract foreign currency savings
Iran's central bank issued a directive on Wednesday, August 5, 2026 (14 Mordad 1405), unveiling a "special investment forex time deposit certificate," a new instrument to attract foreign currency resources, Ecoiran reported. The plan aims to encourage people to deposit foreign currency within the banking system rather than holding it outside banks. Ecoiran said that if the instrument is well received, it could reduce part of the demand for buying currency in the free market, helping lower or stabilize the dollar rate. The announcement coincided with a drop in the free market dollar rate on Wednesday: the free market dollar fell 4,000 tomans (1.9 percent) from Monday's close to around 188,200 tomans, while the official dollar draft rate at Iran's Currency and Gold Exchange Center rose about 100 tomans to 153,700 tomans.
EcoIran
Dollar falls to a three week low near 188,000 tomans in Iran's free market
The US dollar in Iran's free market trended lower on Wednesday, 5 August 2026 (14 Mordad 1405), amid continued optimism over a possible reopening of the Strait of Hormuz. According to Eghtesad Online, the dollar opened the day's trading at 189,020 tomans, down 3,860 tomans from Monday's 192,880 tomans. Data from Alanchand showed the decline continuing through the day, with the dollar trading at 187,850 tomans as of 21:55 Tehran time that evening. The same Eghtesad Online report showed 18 karat gold rising to around 18,424,900 tomans per gram and the global gold price climbing to $4,163.90 an ounce, while the Emami gold coin traded with little change around 186 million tomans.
Eghtesad Online
Fact check: the US Treasury issued no new Iran sanctions directive, and only an Iraqi airline was delisted
After a claim that US sanctions on Iran had been lifted circulated widely on social media and in Persian language outlets, a check by Khabar Online on Wednesday 5 August 2026 found that the US Treasury's Office of Foreign Assets Control (OFAC) had issued no new directive on Iran sanctions. According to the review, the new OFAC update has no connection to Iran's oil sanctions and does not amount to the United States returning to its commitments under the Islamabad understanding. What actually happened was the removal of the Iraqi airline Fly Baghdad, and two of its Boeing 737 aircraft with the tail numbers YI-BAF and YI-BAN, from the Specially Designated Nationals (SDN) list. The company, previously listed under the aliases Fly Baghdad Airlines and Iraq Express, had been designated under Executive Order 13224 as a specially designated global terrorist entity over alleged links to the IRGC Quds Force. In the same update, the Treasury amended the sanctions record of Bashir Abdulkadhim Alwan al-Shabani, the airline's chief executive and part owner. He remains on the list of sanctioned individuals, but the basis of his designation changed from a link to Fly Baghdad to a direct link to the Quds Force. Khabar Online attributed the confusion to the haste of Persian language media in republishing breaking reports from outlets such as Al Jazeera and Reuters.
Khabar Online
Iran's Exchange Center sets dollar remittance rate at 153,704 tomans and euro at 177,161 tomans
Iran's Exchange Center for Currency and Gold set the dollar remittance rate for trades on Wednesday 5 August 2026 at 153,704 tomans and the euro remittance rate at 177,161 tomans. The rates were published the same day by Mehr News Agency. The Exchange Center's remittance rate applies to part of the country's import and registered commercial demand and differs from the open market rate. On the same day the free market dollar traded around 189,000 tomans, leaving a substantial gap between the official remittance rate and the open market. The persistence of that gap is one of the variables shaping import costs, the pricing of imported goods, and expectations among participants in the currency market.
Mehr News Agency
Iran's central bank says 90 million Iran Wallet accounts have been created and linked to seven commercial platforms
Iran's central bank has presented Iran Wallet as part of its programme to redesign the country's payment network. According to a report published on Wednesday, 14 Mordad 1405 (5 August 2026), 90 million wallets have been created for citizens so far, although the central bank has not yet published figures for active wallets, unique users, or the volume and value of transactions. The service is activated with the USSD code *98# using a SIM card registered to the user's national identity number. After identity verification, users can view their balance, top up the wallet with a bank card, transfer money by mobile phone number from wallet to wallet, and move the balance to a bank account by registering an IBAN. Each transaction result is sent by SMS from the sender ID IRANWALLET, and discrepancies are to be reviewed within 24 hours. Hamidreza Norouzi, head of the central bank's payment systems supervision department, said the system is currently connected to Tara, Ovano, SnappPay, Top, Ap, Rubika and JibJet, allowing users to spend their balance at stores contracted with those platforms and at bakeries covered by the state bread scheme. On the possibility of paying part of the cash subsidy and civil servants' benefits into the wallet, central bank officials have spoken of coordination under way, and no final decision has been announced.
Eghtesad Online
Iran's central bank issues a directive for special investment foreign currency term deposit certificates
Iran's central bank has issued to the banking network a directive on the issuance of special investment foreign currency term deposit certificates, approved by its High Council. The directive was reported on Wednesday, 14 Mordad 1405 (5 August 2026), citing the Iran Currency and Gold Exchange Centre. According to the central bank, the aim of the new instrument is to create the framework for mobilising individuals' foreign currency resources and deploying them in the foreign currency financing of specific fixed capital or working capital projects. The bank said its priorities in this area include developing foreign currency financing instruments, deepening foreign currency financial markets, channelling individuals' currency holdings toward productive economic activity, and reducing the unproductive holding of foreign currency outside the formal economy. Under the directive, the Iran Currency and Gold Exchange Centre is responsible for receiving and sending correspondence, preparing related reports, submitting expert reports to the central bank, and monitoring the issuance process and the fulfilment of obligations. The published text did not specify the profit rate, the maturities, or any issuance ceiling for the certificates.
EcoIran, citing مرکز مبادله ارز and طلای ایران
Banks and licensed exchange offices are required to buy back Arbaeen pilgrims' unused Iraqi dinars
Iranian banks and licensed exchange offices have been required to buy back the Iraqi dinars left over from pilgrims who travelled for Arbaeen in 1405. The requirement was reported on Wednesday, 14 Mordad 1405 (5 August 2026), citing the Tasnim news agency. According to the report, pilgrims wishing to sell their remaining dinars may approach the banking network and licensed exchange offices, where the currency will be bought at a negotiated price. Banks and exchange offices are permitted to purchase the currency under the heading of meeting essential needs. Applicants were advised to use licensed exchange offices to speed up the process and avoid delays, on the grounds that small scale currency buying and selling fits the business of exchange offices more closely. The purchase rate is negotiated, and no specific figure was given in the announcement.
Eghtesad Online, citing Tasnim
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.
Eghtesad Online
The rotating president of the UN Security Council calls for de-escalation and a resumption of Iran and US talks
Christina Markus Lassen, Denmark's ambassador and permanent representative to the United Nations, who holds the rotating presidency of the Security Council for August, called on Monday, 3 August 2026 (12 Mordad 1405), for de-escalation and a resumption of diplomatic talks between Iran and the United States, speaking to reporters at the UN. She said conditions are constantly changing and that there had been considerable concern over renewed escalation during the past two weeks, but that reports of continuing talks had been heard in recent days. Lassen added that consultations among countries in the region are also under way, and stressed that the crisis should be managed through diplomacy. The Security Council president also announced that the Council will hold a second informal straw poll on 21 August 2026 (30 Mordad 1405) to select the next UN Secretary General. Antonio Guterres's ten year tenure ends at the close of this calendar year, and in the first informal poll held last week, Rebeca Grynspan, a former vice president of Costa Rica, led the field by a narrow margin. The diplomatic track between Iran and the United States is one of the main variables bearing on Iran's currency and gold markets.
Eghtesad Online
Overdue export foreign-currency commitments above 3 million euros to be referred to prosecutors
Under clause 1 of the resolution of the 12th session of the Judiciary's special task force on effectively combating economic corruption in the foreign-currency field, the head of the General Inspection Organization, the Central Bank of Iran and operating banks are required, as soon as the deadline for fulfilling export foreign-currency commitments expires, to file complaints with the public and revolutionary prosecutor's office for cases above 3 million euros, and to refer cases below that amount to the Government Discretionary Punishment Organization (Tazirat). Under clause 3 of the resolution of the task force's 13th session, managers in the banking network who fail to take legal action to collect allocated foreign currency are to be referred to the banks' disciplinary board. The provisions were communicated to the banking network in a circular dated 10 Mordad 1405 (1 August 2026) by the deputy for legal and parliamentary affairs. The stated legal basis includes Article 10 of the Government Discretionary Punishment Law and Note 7 of Article 2 bis of the Law on Combating Goods and Currency Smuggling.
Eghtesad Online
The gap between Iran's free market and remittance dollar rates reaches 26 percent
A review of Iran's currency market on Sunday, 2 August 2026 (11 Mordad 1405), shows the free market dollar at 192,000 toman and the remittance (hawala) dollar at 152,000 toman, putting the gap between the two rates at about 26 percent. According to the same review, the spread between the two rates has fluctuated considerably since the start of the 1404 Iranian year: the narrowest recorded gap was 3 percent, the widest 82 percent, and the average over the period 33 percent. The current spread is below that period average. The difference between the free market and remittance rates is one of the variables that shapes trade decisions, imports and foreign exchange policy. A narrowing of the gap relative to its historical average points to some moderation in expectations and a convergence of the two rates. Six months after the removal of the preferential exchange rate, a gap between the remittance rate and the open market rate still persists.
Bourse News
The dollar retreats in Iran's free market as war risk subsides
Iran's currency market turned lower on Sunday, 2 August 2026 (11 Mordad 1405), the second trading day of the week, as geopolitical risk subsided. According to the newspaper Donya-e-Eqtesad, the dollar banknote rate fell 6,000 tomans that day to 187,000 tomans. The dollar had advanced above 193,000 tomans in Saturday's session on 10 Mordad, driven by a rising probability of military escalation. The paper wrote that after the US president announced the cancellation of the planned strikes, increased supply and a retreat in precautionary demand turned the market around. Free market reference rates are not uniform at this point, and each figure should be read against its source and date: the Gold and Currency Information Network quoted the dollar at 1,910,000 rials (191,000 tomans) in the early hours of Monday, 12 Mordad 1405, with a session high of 1,940,000 rials. The gap with the 187,000 toman figure reflects the different rate being reported (banknote versus reference rate).
Donya-e-Eqtesad
The free market dollar retreated from its recent record back into the 191,000 toman channel
Iran's currency market turned lower on Sunday 2 August 2026 (11 Mordad 1405). Donya-e-Eqtesad reported the same day that the free market dollar had fallen from the previous day to 191,970 toman. The live board at Alanchand recorded the US dollar at 11:50 that day with a buy rate of 189,200 toman and a sell rate of 191,100 toman. The pullback follows a run in recent days that carried the free market dollar into the 194,000 toman channel and to a record high several times over the past two weeks. On the other side of the market, the remittance rate moved the opposite way: the sell rate for remittance dollars at the Currency and Gold Exchange Centre was recorded at 153,337 toman at 08:16 on Sunday 11 Mordad, 0.24 percent above the previous day. An official rate rising while the free rate falls narrows the gap between the two markets.
Donya-e-Eqtesad
The gap between Iran's free market dollar and the remittance dollar widens to about 26 percent
Eghtesad Online reported in the early hours of Sunday 2 August 2026 (11 Mordad 1405) that the free market dollar had reached 192,000 toman while the remittance dollar rate was quoted at 152,000 toman, leaving a gap of about 26 percent between the two. Official platform data confirms the same spread. The Iran Currency and Gold Exchange Centre remittance sell rate stood at 152,977 toman at 09:52 Tehran time on Sunday 11 Mordad, while the free market dollar sell rate at the same hour was 194,100 toman. The remittance sell rate was up 0.24 percent from the previous day. The gap between the official and free rates is a traditional gauge of stress in Iran's currency market. The wider it grows, the stronger the incentive for importers to obtain currency at the official rate while pricing goods off the free rate, which feeds through to the landed cost of imported goods and to inflation expectations.
Eghtesad Online
The free market dollar set a fresh record in the 194,000 toman channel while tether fell back to about 190,000
Iran's free currency market opened on Sunday 2 August 2026 (11 Mordad 1405) with a fresh record. Daily newspaper Donya-e-Eqtesad reported the same day that the free market dollar had set a new record and entered the 194,000 toman channel. Live market data at 09:50 Tehran time on Sunday 11 Mordad showed the US dollar selling at 194,100 toman and bid at 192,150 toman. The last rate recorded in Sahmino's own price feed, on the evening of Saturday 10 Mordad 1405, was 193,700 toman. Tether moved the other way. According to the same report, the stablecoin first climbed into the upper half of the 195,000 toman channel, then retreated to around 190,000 toman after new claims emerged that a military strike on Iran had been postponed. The divergence between banknotes and the stablecoin shows how sensitive the currency market is to political and security news, since tether typically reacts faster than the cash market. Other free market rates at 09:50 on Sunday 11 Mordad included the UAE dirham at 52,470 toman, the euro at 223,800 toman and the Turkish lira at 4,150 toman, all on the sell side.
Donya-e-Eqtesad
Iran's central bank says about 35 percent of unfulfilled export currency obligations trace to rented trading cards
Seyed Abdolmajid Ejtehadi, deputy governor for legal and parliamentary affairs at the Central Bank of Iran, said on Sunday 2 August 2026 (11 Mordad 1405) that available data show about 35 percent of expired and unfulfilled export currency obligations trace to single use or rented trading cards, which he said are issued without any credit assessment. According to Ejtehadi, people with no qualifications, assets or knowledge of commercial activity end up holding trading cards, and the purpose of using them is to escape financial tracing for tax purposes, to avoid repatriating export proceeds, and to avoid settling obligations to the state. Citing clause (t) of Article 6 of the 1392 (2013) Law on Combating Goods and Currency Smuggling, he said the law explicitly requires an integrated credit assessment and rating system for the issuance, renewal and cancellation of trading cards. He also pointed to Article 33 bis 2 of the same law, which bans renting, buying, selling or transferring a trading card. He said these provisions became binding in 1392 (2013) and 1401 (2022). Repatriated export earnings are a primary source of hard currency for Iran's official FX platforms, so any shortfall affects the supply balance in the currency market.
Eghtesad Online
The dollar hit a record high for the fourth time in two weeks, with the coin moving into the 188 million toman channel
Iran's currency, gold and coin markets traded choppily on Saturday, 1 August 2026 (10 Mordad 1405). According to Ecoiran, the dollar reached a record high for the fourth time in the past two weeks, moving above 194,000 tomans during the session. Sahmino's own price board recorded the free market dollar at 193,700 tomans at 19:59 the same day, two readings from the same day pointing to a similar level. In the same session the coin followed the currency higher into the 188 million toman channel, while the mesghal of melted gold advanced into the 81 million toman channel. According to Ecoiran, analysts attributed the swings in these markets to two factors: regional tensions and the hard line taken by the parties to the conflict on one side, and rumours of a petrol price increase on the other. Measuring weekly returns for the week ending 10 Mordad 1405, the Tehran Stock Exchange main index led with a gain of 3.3 percent, while the mesghal of melted gold came second with a rise of 2.8 percent. The global gold ounce, by contrast, posted a negative return over the same week, meaning the gain in domestic gold over this period came mainly through the exchange rate rather than the world market.
EcoIran
Iranian MP says holders of foreign sourced currency will be allowed to use it for priority imports
Rouhollah Abbaspour, a member of the industries and mines committee of Iran's parliament, said on Saturday 1 August 2026 (10 Mordad 1405), in an interview with Iran's capital market news agency Sena, that a joint meeting between the committee and central bank officials agreed that holders of foreign sourced currency will be able to use those funds for essential imports, subject to the rules and within a set list of priorities. He said the arrangement does not open the door to importing any goods, and covers only priority items such as raw materials for manufacturers, medicines and animal feed. Abbaspour added that about 12 billion dollars of foreign currency has been allocated to the production sector so far and that, in the view of the ministry of industry, mine and trade, that is not enough to cover all of the sector's needs, while the central bank sets out its own considerations on managing currency resources under present conditions. He said the meeting also reviewed the currency needs of the industry ministry, the amount allocated last year and this year's currency performance, and that technical sessions on financing production and resolving energy imbalances at industrial units will continue after Arbaeen. The agreement has so far been announced through the statements of one member of parliament, and its operational detail depends on the central bank publishing formal rules.
Iran Capital Market News Agency (SENA)
Central Bank of Iran: more than 33 billion euros of export FX commitments settled between January and July 2026
Sayed Abdolmajid Ejtehadi, the Central Bank of Iran's deputy for legal and parliamentary affairs, said on Saturday 1 August 2026 (10 Mordad 1405) that more than 33 billion euros of overdue export foreign currency commitments have been settled between 5 January 2026 (15 Dey 1404) and this Mordad. He attributed the result to close cooperation between the judiciary and the central bank. Under note 6 of article 2 bis of the anti-smuggling law, responsibility for determining non-fulfilment of export FX commitments and referring cases for prosecution rests with the "working group on the return of export proceeds", an eleven-member body chaired by the central bank's foreign exchange deputy, in which the central bank holds a single vote. Ejtehadi said the group, which met with delays before January 2026, has been convening weekly since late last year. He added that the turning point was the formation of the judiciary's special panel on economic corruption in foreign exchange on 5 January 2026, which has held about sixteen sessions. Under its decisions, cases involving commitments above three million euros go directly to Tehran's special prosecutor's office for economic crimes.
Mehr News Agency
Free market dollar reaches 194,270 tomans as 18 carat gold and the Emami coin also climb
Tehran's currency and gold markets moved higher on Saturday 1 August 2026 (10 Mordad 1405). The free market dollar reached 194,270 tomans by midday, up on the previous working day, and the dollar rate at the Currency and Gold Exchange Centre was also set higher than the day before. In the gold market, a gram of 18 carat gold rose to 18,782,100 tomans and the Emami coin traded around 188 million tomans. On the same day, spot gold was quoted at 4,043 dollars, down about 5 dollars from the previous session, meaning the rise in domestic prices came through the exchange rate rather than from the global market. Sahmino's own price board recorded the free market dollar at 194,520 tomans, up 1.1 percent, 18 carat gold at 18,813,000 tomans, up 0.8 percent, and the Emami coin at 188,505,000 tomans, as of 11:26 the same day.
Donya-e-Eqtesad
Iran's dollar rate rose 1.3 percent in the week to 30 July, holding the 190,000 toman channel while coin prices edged lower
According to a report in the Saturday 1 August 2026 (10 Mordad 1405) edition of the newspaper Donya-e-Eqtesad, Iran's currency market followed a gentle upward path last week despite continuing political and geopolitical risks. The dollar rate rose 1.3 percent between 23 and 30 July (1 to 8 Mordad) and stayed in the 190,000 toman channel. Many exchange bureaux quoted a dollar selling rate of 191,500 tomans on the final trading day of the week, while Tether traded between 192,000 and 194,000 tomans from Wednesday to Friday. Over the same period, the dollar's limited gain combined with a small dip in global gold kept the domestic gold market from extending its rise. The price of a gram of 18 carat gold fell 0.6 percent and the various coin denominations fell 0.2 to 0.3 percent, while gold funds returned an average of minus 0.8 percent on the week. At midday on Thursday the half coin was up 0.8 percent at 95,800,000 tomans, the new design full coin up 0.1 percent at 187,200,000 tomans, and a gram of 18 carat gold down 0.3 percent at 18,653,000 tomans. The banknote dollar rate entered the 180,000 toman channel on 14 July (23 Tir), as news broke of the return of the naval blockade and concern over the state of Iran's ports, and has fluctuated between the 180,000 and 190,000 channels since. Over the past three weeks, gold bullion auctions were held at Iran's Exchange Centre on 14 July, 21 July and 28 July, at which more than 95 percent of the 82 kilograms offered, or 78 kilograms, was sold.
Donya-e-Eqtesad
Iran extends import order registration without currency transfer to 6 September 2026
The Export and Import Regulations Office of Iran's Trade Promotion Organization issued a circular to customs offices on Friday, 31 July 2026, extending the validity of import order registration without currency transfer to 15 Shahrivar 1405 (6 September 2026). According to the text of the circular, the extension was made "in view of the continuation of the emergency conditions that have arisen and the need to expedite the declaration and clearance of goods," and in implementation of clause 51 of the package for hardening the national economy and civil defence under emergency conditions, adopted by the Supreme National Security Council on 1 March 2026. Its other basis is clause one of the 12 July 2026 decision of the Ministry of Industry, Mine and Trade's currency working group. The extension allows both new order registrations and the continuation of previously filed registrations without currency transfer, provided the goods have a warehouse receipt dated on or before 30 May 2026. The "import without currency transfer" mechanism lets an importer clear goods using its own foreign currency resources rather than an official allocation, a tool that, under constrained currency allocation, bears directly on the speed of customs clearance and on open market demand for foreign exchange.
Mehr News Agency, citing سازمان توسعه تجارت ایران
Iran's free market dollar reached 193,700 tomans in the first week of Mordad as the euro led weekly returns with 2.26%
Iran's foreign exchange market saw a back and forth week in the first week of Mordad 1405, the week ending Thursday 30 July 2026. Trading opened with a negative gap as a pause in hostilities between Iran and the United States, along with signals that diplomacy would continue, moderated inflation expectations. Later in the week, as fresh news emerged on regional security developments, part of the early drop was recovered. Across the week as a whole, the free market dollar returned 1.42%, while the euro gained 2.26%, the Herat forward dollar 2.22% and the UAE dirham 1.21%. The dollar's weekly high of 193,700 tomans was recorded on Wednesday 29 July, and its weekly low of 187,040 tomans on Sunday 26 July. The euro hit its weekly high of 221,700 tomans on Thursday 30 July and its low of 212,770 tomans on Sunday. The Herat forward dollar peaked at 193,000 tomans on Thursday and bottomed at 183,500 tomans on Sunday, while the UAE dirham ranged between 51,080 tomans on Sunday and 53,000 tomans on Wednesday.
دنیای اقتصاد (سایتخوان, citing اقتصادنیوز)
Iran's agriculture minister says a payment mechanism has been set for 4.5 billion dollars of arrears owed to basic goods importers
Gholamreza Nouri Ghezeljeh, Iran's minister of agriculture, said on Thursday 30 July 2026 (8 Mordad 1405), on the sidelines of the country's second specialised livestock, poultry and dairy industries exhibition, that a mechanism has been settled for paying the arrears owed to importers of basic goods. He said that when the fourteenth government took office the overdue debt to basic goods importers stood at about 5.5 billion dollars, of which roughly 1 billion dollars has since been paid, leaving about 4.5 billion dollars, equivalent to around 4 billion euros, outstanding. The minister said his ministry has verified that the goods were received and sold through the Bazargah system, and that a special committee formed under a government bylaw has re-tallied the amounts owed. He added that at a meeting with the president last week the mechanism for paying these arrears in stages was agreed, and he expressed hope that the Plan and Budget Organisation, in coordination with the Central Bank, would arrange the funds as quickly as possible. According to the minister, returning liquidity to traders is a key factor in easing trade, securing stable supply and regulating the market for agricultural products.
Mehr News Agency
Inspection Organization says 20,676 entities hold a combined 94 billion euros in unfulfilled FX commitments
According to the Tasnim news agency, Khodaian, head of the General Inspection Organization of Iran, said on Thursday 30 July 2026 that a review of central bank system data shows 20,676 natural and legal persons hold a combined total of about 94 billion euros in unfulfilled foreign currency commitments. The cases have been classified into three groups of large, medium and small debtors, and 225 of these persons have obligations exceeding 50 million euros. He said that as a result of the work of a special judicial panel formed on the order of the judiciary chief, close to 20 billion euros has returned to the country's economic cycle: 7.5 billion euros through the Currency and Gold Exchange Centre, 1.59 billion euros through banks and authorised exchange offices, and 10.86 billion euros through the settlement of foreign currency debts and other legal means. The cases of more than 17,000 small debtors have been referred to the Government Penal Organization. Khodaian said a review of some 40,000 export declarations showed part of the recorded amounts belonged to the National Iranian Oil Company but had been entered under other companies because of data-entry faults. He added that about 93,000 trade cards were issued between 2022 and 2026, and roughly 3,000 suspicious cards have been identified; 110 people had carried out about 14.9 billion euros of exports using 951 trade cards belonging to others. Judicial cases have been opened against four deputy ministers of industry, mining and trade serving under different governments.
Eghtesad Online, citing Tasnim
Iran's tax administration issues a directive on the exchange rate used for imports without currency transfer
The head of Iran's National Tax Administration has issued directive number 200/1405/37 to tax offices, setting out how the exchange rate is determined for imports made without a currency transfer and the conditions under which foreign-exchange translation losses are accepted as a deductible expense. The directive was reported on Thursday, 30 July 2026 (8 Mordad 1405). Under the directive, for imports without a currency transfer, the exchange rate used to calculate the cost of imported goods is set on the basis of supporting documents; where no such documents exist, the banknote selling rate of Bank Melli Iran's exchange bureau applies. Where part of the foreign-currency transactions falls under obligations set by competent authorities, including the Central Bank, the rate set by those authorities is applied in the tax audit. For discharging export currency commitments through imports against exports, in the absence of supporting documents the buying or selling rate of the Iran Currency and Gold Exchange Centre is used. On translation losses, the directive cites clause 24 of article 148 of the Direct Taxes Act, confirming such losses are a deductible expense provided the taxpayer applies a consistent method across years.
Eghtesad Online
Iran's Trade Promotion Organization chief calls for a three-year suspension of the anti-smuggling law
Mohammad-Ali Dehghan Dehnavi, head of Iran's Trade Promotion Organization and a deputy industry, mining and trade minister, said 90 percent of the country's trade problems stem from the Law on Combating the Smuggling of Goods and Currency, and proposed suspending the law for three years. His remarks were published early on Thursday, 30 July 2026 (8 Mordad 1405). The debate follows a statement earlier this week by Zabihollah Khodaeian, head of the General Inspection Organization, that $94 billion in export proceeds has not been repatriated, a sum he said could cover the country's medicine and essential goods bill for up to six years. Hossein Samsami, a member of parliament, defended the law, saying export proceeds must return to the country to manage the currency market and that obstructing the law pushes the exchange rate higher. Mohammad-Reza Ghofrollahi, head of the Tehran Chamber of Commerce trade development commission, said currency-commitment settlement would sit better in commercial law, because the current law was drafted as a judicial and punitive instrument rather than a facilitating one.
Eghtesad Online, citing Fars News Agency
Free market dollar passes 193,000 tomans, gaining about 3,600 tomans on Wednesday
The free market dollar passed 193,000 tomans on Wednesday, 29 July 2026 (7 Mordad 1405). The newspaper Donya-e-Eqtesad reported the same day that the dollar stood at 193,800 tomans, an increase of 3,600 tomans on the previous day. According to market reports, the highest rate recorded in that day's trading was 193,820 tomans and the lowest was 192,480 tomans. Sahmino's price board recorded the US dollar at 1,936,150 rials, or 193,615 tomans, at 18:29 Tehran time, up 34,150 rials, or 1.8 percent, from the previous day. The negotiated rate dollar was recorded at 1,935,950 rials at the same hour, up 1.78 percent. The gap with the official rate remains wide: the Exchange Center's dollar remittance selling rate was recorded at 1,524,270 rials, or 152,427 tomans, at 08:02 the same day, up 0.22 percent. It is this rise in the exchange rate that pushed domestic gold and coin prices higher on Wednesday, even as the global gold ounce fell on the same day.
Donya-e-Eqtesad
Joint committee formed between Iran's parliamentary industries committee and the central bank's FX deputy
Zahra Saeedi Mobarakeh, spokesperson for the Industries and Mines Committee of Iran's parliament, said on Wednesday 29 July 2026 (7 Mordad 1405) that a joint committee has been formed between the committee and the central bank's foreign exchange deputy. She said the body is meant to regulate supply and demand in the currency market so that pressure on manufacturing units eases while the exchange rate does not rise. Saeedi said that at a session between committee members, the central bank governor and officials from the Ministry of Industry, Mine and Trade, the problems of controlling the currency market and the prices of basic goods were reviewed. She added that over the past year important industries were damaged, which fuelled turbulence in the currency market, and that efforts were made to keep the resulting shock to the market as small as possible. The spokesperson also said factory owners have faced order registration problems for the past four months, and asked the industry ministry first to examine why these units need to register orders and then to decide on issuing permits. She said the central bank governor was asked to keep the waiting queue to a minimum when prioritising industries, and to let units that hold foreign sourced currency use it.
Mehr News Agency
Dollar and euro remittance rates rise at Iran's Exchange Center; the ruble is Wednesday's only decliner
According to Mehr News Agency, citing Iran's Currency and Gold Exchange Center, the US dollar remittance sell rate was set at 152,427 tomans in trading on Wednesday 7 Mordad 1405 (29 July 2026), 331 tomans higher than the previous day. The dollar remittance buy rate rose 328 tomans to 151,055 tomans. The euro remittance also climbed: the sell rate was 173,774 tomans and the buy rate 172,210 tomans, daily gains of 746 and 739 tomans respectively. The UAE dirham remittance sell rate rose 90 tomans to 41,505 tomans, and the Chinese yuan remittance sell rate rose 54 tomans to 22,520 tomans. The 1,000 South Korean won remittance posted the day's largest gain, up 1,248 tomans to 104,869 tomans. Against the market's overall trend, the Russian ruble was the day's only decliner: the ruble remittance sell rate fell 13 tomans to 1,936 tomans and its buy rate fell 13 tomans to 1,919 tomans.
Mehr News Agency
Iran's customs administration circulates an updated list of 2,940 tariff codes eligible for import without currency transfer
Iran's customs administration has circulated to customs offices across the country an updated list of essential goods eligible for the "import without currency transfer" facility, covering 2,940 tariff codes, according to a circular published by Mehr News Agency on Wednesday, 29 July 2026 (7 Mordad 1405). According to the text of the circular, the list is attached to letter no. 7959950 of 13 June 2026 (23 Khordad 1405) from the Export and Import Regulations Office, and rests on clause 51 of the "package for strengthening the national economy and civil defence under emergency conditions", the subject of letter no. 200/400000 of 1 March 2026 (11 Esfand 1404) from the country's National Security Council. Under the import without currency transfer mechanism, the importer does not draw foreign currency from the official allocation system and must source it independently. The mechanism is one of the government's instruments for keeping essential goods flowing in at a time of constrained foreign currency resources.
Mehr News Agency
Iran's free-market dollar traded in the 190,000 to 191,000 toman range on Tuesday 28 July
In trading on Tuesday 6 Mordad 1405, equivalent to 28 July 2026, the US dollar changed hands on Tehran's free market in the 190,000 to 191,000 toman range. Readings recorded through the day ranged from about 190,200 toman to close to 191,200 toman, between 2,200 and 3,200 toman higher than Monday 5 Mordad. The spread between the reported figures reflects the different times of day at which the rates were captured. On the same day, the remittance dollar at the Iran Currency and Gold Exchange Centre was quoted at 152,096 toman on the sell side and 150,727 toman on the buy side. That puts the gap between the exchange centre's remittance rate and the free-market rate at roughly 38,000 to 39,000 toman on the day. Also on the evening of Tuesday 6 Mordad, the Emami coin slipped about 0.8 percent to around 184 million toman, so a firmer dollar and a softer coin landed on the same session.
Donya-e-Eqtesad
Head of Iran's Trade Promotion Organization says human intervention in FX allocation priority has been removed
Mohammad-Ali Dehghan Dehnavi, head of Iran's Trade Promotion Organization, said on Tuesday 28 July 2026 at the 42nd session of the Tehran Chamber of Commerce board of representatives that the process for prioritising foreign currency allocation has been fully systematised in cooperation with the Ministry of Industry, Mine and Trade's currency committee, and that human intervention has been removed from it. He said specialist deputies can now only prioritise commodity groups, with no ability to make decisions about individual applicants. He added that foreign currency accounts for more than 90 percent of the discussion in trade related meetings, and that the Comprehensive Trade System is a set of 70 to 80 subsystems belonging to different bodies, in which the Trade Promotion Organization's share is under 10 percent. Dehghan Dehnavi also said the fall in foreign currency resources caused by wartime conditions meant a plan to scrap currency optimisation was not implemented, and that for some commodity groups the optimisation ceiling has fallen to zero, while the currency quota system is more restricted than last year.
Mehr News Agency