Summary Iranian rial hits 1.8 million per dollar record low as war pressure, sanctions and inflation intensify economic crisis and weaken already fragile financial system.
TEHRAN (Web Desk) - Iran’s national currency, the rial, has fallen to a record low of 1.8 million per US dollar, as ongoing tensions in the Middle East continue to strain an already fragile economy.
According to experts, the recent depreciation of the Iranian rial over the past two days could further fuel inflation in the country, where the prices of imported goods such as food, medicines, electronics, and raw materials are directly linked to the dollar exchange rate.
They say the demand for foreign currency, accumulated during the six-week conflict with the United States and Israel, is now being reflected in the open market.
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Despite a ceasefire, the blockade on Iranian ports by the United States has increased pressure on the economy, disrupting oil shipments and damaging a key source of revenue and foreign exchange earnings.
Strikes by the United States and Israel have also severely damaged Iran’s infrastructure, forcing Tehran to suspend exports of steel and petrochemical products, which were an important source of foreign currency amid strict sanctions.
According to Iran’s Central Bank, inflation stood at 65.8 percent year-on-year between March 20 and April 20, and analysts warn that further currency depreciation and reconstruction needs may accelerate this trend.
It is worth noting that in 2025, the Iranian currency had already lost nearly 70 percent of its value, triggering nationwide anti-government protests.
