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5 Sept 2026, 13:40

The price of the dollar in Iran's free market reached 228,000 tomans on Saturday, September 14, with the euro also surpassing 263,000 tomans.

Websites displaying unofficial currency rates in Iran have also reported the price of the British pound at 307,000 tomans and the UAE dirham at over 62,000 tomans.

This renewed increase occurred just one day after Abdolnaser Hemmati, the Governor of the Central Bank of Iran, denied a serious shortage of currency for imports and attributed the severe decline of Iran's national currency to an increase in "precautionary, speculative demand, and capital outflow."

At the beginning of September, the dollar price crossed the 200,000 tomans mark and has been continuously rising over the past two weeks.

Meanwhile, Hemmati stated last week that Iran has "sufficient" currency available and that the Central Bank is ready to inject up to two billion dollars into the market if needed, but these remarks have not prevented the continued rise in currency rates.
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