Forex, the dollar, exchange rates
The dollar-yen rate dropped from nearly 164 to 155.20 within hours of the joint operation. Some of the gain faded within days, with the rate back to 159.09 by 10 August 2026.
The new official rate is 1,520 dinars to the US dollar, down from around 1,300. US-Iran tensions blocked Iraq's main oil route through the Strait of Hormuz, forcing exports onto a costlier overland path through Syria and squeezing the government revenues that depend almost entirely on oil.
The single currency touched $1.1215 on Thursday, its weakest since May 2025. Political uncertainty in France and Germany added to the pressure, with French bond yields hitting a 14-year high.
The currency has repeatedly set new records since the war began in February. Sanctions, collapsed nuclear talks and domestic protests have all weighed on the rial, while inflation ran above 46% as recently as February 2024.
China's central bank has strengthened its daily yuan fixing for eight straight sessions, its longest such run since 2023. The currency has also been buoyed by strong exports and is on course for a seventh consecutive quarterly gain.
Type at least two characters.
