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2 Sept 2026, 13:22

The price of foreign currencies in Iran set a new record early Wednesday, September 11, just hours after the latest round of U.S. attacks, with the price of the euro, the European single currency, surpassing 255,000 tomans for the first time.

Currency rate websites, including "Navasan," reported the price of the U.S. dollar at around 220,000 tomans. The price of the Emirati dirham has also exceeded 60,000 tomans.

The increase in the price of foreign currencies in Iran's free market has intensified since the announcement by the UAE to cut financial ties with Iran and the start of the U.S. economic pressure program known as "Economic Exclusion Operations."

In the past two weeks, Iran's national currency has lost more than 10% of its value against major foreign currencies.

On Wednesday, the price of the gold coin known as "Emami" was reported at 224 million tomans, despite a global decrease in gold prices.

Abdolnaser Hemmati, the Governor of the Central Bank, rejected claims of a shortage of foreign currency resources and the possibility of Iran's economic collapse on September 10, stating that the Central Bank is ready to supply up to two billion dollars to stabilize the market.
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