The US dollar has risen to 227,000 Iranian toman (2.27 million rials) as of Friday evening, according to The Zioneer, extending the rial's record-breaking slide amid ongoing economic pressures.
The dollar's rise from 190,000 toman on August 1 to 227,000 toman represents a roughly 19% decline in the rial's value in just over five weeks. As The Zioneer reported on August 1, President Trump claimed credit for 'destroying the Iranian currency,' when the dollar stood at 190,000 toman. The rial had already fallen from around 160,000 toman in June. The collapse continues despite reported international efforts to unfreeze Iranian assets: the archive shows The Zioneer has tracked reports of up to $20 billion in potential releases from the UAE and Switzerland. The current slide suggests those financial injections have not stabilized the domestic currency. No official Iranian statement on the new rate has been reported.
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