Iran Kicks Off $2bn Industrial FX Allocation; Central Bank Adds $4.5bn to Reserves, Vows No Return to Subsidized Rate (Monday, July 6, 2026)

Iran's central bank has restarted industrial currency allocation, a report from Monday, July sixth. The central bank governor said the first phase of industrial currency allocation began this past Saturday. That first phase is two billion dollars for industrial raw materials and essential goods. Hemmati also said four and a half billion dollars were added to reserves during the recent war months. This board shows today's key figures for Iran's currency market all in one place. The central bank stressed it will not revive the controversial subsidized rate used since twenty eighteen. The first driver is a temporary US license that allowed formal Iranian oil sales for the first time in decades. The second driver is concern about repeating the rent seeking the old subsidized rate once caused. The free market dollar's path this month shows nearly a nine percent jump within a single week. This decision matters for households, since it targets the final price of medicine and industrial goods. Hemmati said plainly, a direct quote, we are not returning to the subsidized rate. This week, the stock exchange's three day closure ended, while gold and coin markets stayed active. Globally, a weaker US dollar index after soft jobs data has slightly eased Iran's import cost pressure. In the coming weeks, watch the next allocation phases and the Tir month inflation report. You can read this full analysis on the Sahmino website and follow along for more.