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Iranian rial falls to record low amid US sanctions threat

Iran’s rial has fallen to a record low of more than 2 million to the US dollar on the open market, according to currency-tracking websites, as the United States prepares new sanctions against Tehran.

Axar.az reports, citing CNN, that the rial’s decline comes amid a worsening economic crisis, with the International Monetary Fund expecting Iran’s economy to contract by more than 5% this year and food inflation exceeding 100%.

The rial’s devaluation is expected to make imports more expensive while making Iranian exports cheaper.
Date
2026.08.24 / 19:15
Author
Yusif Güney
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