As military clashes between the Iranian regime and the United States intensified once again, Iran’s foreign exchange and gold markets were hit by another wave of price increases, with the U.S. dollar surpassing 1.9 million rials in the free market.
According to exchange rates published in the free market, on Friday, July 17, 2026, the U.S. dollar traded at as high as 1.91 million rials. The euro also exceeded 2.18 million rials, while the British pound rose above 2.56 million rials.
This comes after the signing of a memorandum of understanding between Iran and the United States in mid-June, when foreign exchange and gold prices, which had reached unprecedented highs during the war, declined for a period and the market stabilized to some extent.
However, the resumption of military hostilities reversed that trend. In overnight U.S. strikes, several bridges and transportation routes in southern Iran were targeted. In response, according to reports, the Iranian regime carried out attacks against the Kurdistan Region of Iraq and some energy infrastructure in Kuwait.
Market players believe that the continuation of military tensions and growing uncertainty about the future are the main factors behind the renewed surge in foreign exchange and gold prices in Iran.
