The Iranian rial weakened further Sunday, with the dollar trading at 207,000 toman (2.07 million rials) in the free market, setting a new record low, according to reports.
The dollar reached 207,000 toman in Iran's free market Sunday, marking a new all-time low for the Iranian rial. The figure, reported by Iranian news channel Hadshot Iran, represents 2.07 million rials per dollar, surpassing the previous record of around 2 million rials.
The slide extends a months-long decline driven by tightening U.S. sanctions, financial pressure from the Treasury Department, and domestic economic instability. As The Zioneer has reported, the rial has lost over 90% of its value since the beginning of the year, with the dollar climbing from roughly 90,000 toman in January to current levels above 200,000 toman.
The data is based on open-market rates in Tehran and other Iranian cities, which often diverge from the official government rate. No official confirmation from Iranian authorities was immediately available.
2 developments
- DevelopingIranian rial crashes past 2 million per dollar, extending record low
- DevelopingIranian rial slides further, topping 1.77 million to the dollar in new low
- DevelopingIranian rial slides further, dollar nears 190,000 toman in Tehran market
- DevelopingIranian rial loses 13% of value in under two weeks despite Hormuz opening
Source and signal
- Open-source intake