Published on 6/17/2026
The Iranian national currency recorded gains exceeding 15% in value within days, after months of sharp losses, following an understanding reached between Iran and the United States to stop the war, according to what Anadolu Agency reported.
Last Sunday, Washington and Tehran announced that they had reached an agreement on a memorandum of understanding to end the war launched by the United States and Israel against Iran on February 28.
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The effects of this understanding began to reflect positively and noticeably on the Iranian markets, as stock prices on the Tehran Stock Exchange jumped in Tuesday’s transactions in an unprecedented manner, and the dollar exchange rate declined amid expectations of improved economic conditions, according to what Al Jazeera Net’s correspondent in Tehran reported.
The dollar falls in the free market
According to data from websites specialized in monitoring the free exchange market in Iran, the dollar exchange rate declined today, Wednesday, to reach 152 thousand tomans (one toman is equivalent to 10 Iranian riyals).
The exchange rate stabilized last week at 180,000 tomans.
Al Jazeera Net’s correspondent in Tehran indicated that there are expectations among traders in the exchange markets in Tehran that the dollar exchange rate will decline further in the coming days, and for this reason there have been no large purchases of foreign currencies.
It is noteworthy that the Iranian economy has faced severe difficulties in recent months under the weight of the costs of war, high inflation rates, the pressures of economic sanctions, and the blockade imposed by American forces on Iranian ports.
The exchange rates jumped to a historic peak last March, recording 190,000 tomans per dollar, following the outbreak of the war launched by the United States and Israel against Tehran, which led the national currency at that time to an unprecedented decline.
