The Iranian currency market on Friday morning, September 11, 2026, saw the US Dollar (USD) settling at a sell rate of 234,900 Toman. The buy rate for the greenback was reported at 233,510 Toman, indicating a relatively stable but firm demand. Other major currencies also showed their current trading levels, with the Euro (EUR) at 272,550 Toman, the British Pound (GBP) at 317,000 Toman, and the UAE Dirham (AED) at 63,800 Toman. The Turkish Lira (TRY) was trading at 4,830 Toman, reflecting its regional dynamics.
In the precious metals sector, gold prices continued to be a significant focus for investors. Each gram of 18-karat gold was priced at 24,158,548 Toman, a key benchmark for domestic gold transactions. Globally, the price of a gold ounce stood at $4,338.60, influencing local sentiment and investment decisions. The stability in global gold prices often provides a sense of security amidst regional economic uncertainties, making it a popular hedge for Iranian investors.
The cryptocurrency market presented an interesting picture, with Bitcoin (BTC) trading robustly at $77,089. Ethereum (ETH), the second-largest cryptocurrency, was valued at $2,458.41. Notably, Tether (USDT), a stablecoin pegged to the US Dollar, was trading at 235,544 Toman. This indicates a slight premium compared to the physical US Dollar's sell rate, often reflecting higher demand for digital dollar equivalents in the local market for various purposes, including international transfers and crypto trading.
The interplay between traditional assets like currency and gold, and the emerging digital assets like cryptocurrencies, continues to shape the investment landscape in Iran. Investors are closely monitoring these diverse markets for opportunities and to hedge against inflation. The current rates provide a clear snapshot of the market's opening sentiment for the day.