TEHRAN (Web Desk) — Iran’s national currency, the rial, has fallen to its lowest level in history, with the US dollar surging to around 1.5 million rials in the open market, according to international media reports.
The sharp decline comes amid nationwide protests and demonstrations, highlighting the deepening economic crisis. Analysts say the slide reflects growing pressure on Iran’s foreign reserves, largely driven by reduced oil exports due to international sanctions.
The weakening currency has widened the gap between official and open market rates, adding to market uncertainty and shaking public confidence. As a result, inflation has surged, pushing up prices of food, housing, and essential goods, making daily life harder for ordinary citizens.
Reports say traders and shopkeepers have closed businesses in parts of the country as protests gained momentum. Students and residents have also joined demonstrations, calling not only for economic relief but also for broader political freedoms.
Iranian authorities have accused the United States of being behind the unrest and launched a strict crackdown on demonstrators. Human rights groups have claimed thousands of casualties and arrests, though these figures have not been independently verified.
The US president has warned of serious consequences if detainees are executed, while earlier statements urged protesters to take control of key institutions. Later, he said Iran had delayed executions, reducing the risk of military action.