The US dollar has reached 240,500 toman (2.405 million rials) in Iran's free market, according to reports, marking a new low for the Iranian rial. The continued currency collapse underscores the deepening economic crisis and may increase public pressure on the regime, analysts say.
The Iranian rial hit a new low Monday morning, with the US dollar reaching 240,500 toman (2.405 million rials) in the country's free market, according to market data reviewed by The Zioneer. The new figure marks a significant acceleration from 227,000 toman reported on September 11 and 195,000 toman in July.
The Zioneer has previously documented the rial's decline amid intensifying US sanctions and internal economic pressures. The latest reading represents a new record low for the Iranian currency.
The report, published by a market analyst, warns that the continued currency collapse and worsening economic conditions could increase public pressure and potentially destabilize the Iranian regime. The analyst noted that the dollar's rise to 240,500 toman illustrates the depth of the economic crisis.
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