Iran’s national currency continued to weaken amid mounting US pressure on Tehran, with the foreign exchange and gold markets reaching fresh record highs on Wednesday, September 2, 2026.

The US dollar surpassed 220,000 tomans on Tehran’s open market, reaching an all-time high. Meanwhile, the British pound exceeded 296,000 tomans, while the euro traded at around 254,000 tomans.

The surge in exchange rates also affected the gold market, with the price of a new-design gold coin, known as the Emami coin, exceeding 226 million tomans.

The UAE dirham also entered the 60,000-toman range on Iran’s open market for the first time, reaching a record 60,260 tomans.