The Iranian rial has fallen to nearly 2 million per dollar, with the dollar trading at 195,000 toman (1.95 million rials), according to reports. The currency has lost substantial value in recent weeks amid ongoing economic pressures.
The Iranian rial has plunged to a new record low, with the dollar trading at 195,000 toman (1.95 million rials) on the open market, according to reports. The dramatic drop reflects the continued erosion of Iran's currency under the weight of severe economic challenges, including high inflation, sanctions, and structural weaknesses.
Prior reports by The Zioneer documented the rial reaching 1.77 million per dollar on July 2 and 1.8 million per dollar on July 8. The currency has depreciated significantly since the US-Iran memorandum of understanding was signed in late June, when it stood at 1.52 million per dollar. The rial has lost over 25% of its value since then, according to market data.
At the current rate, one US dollar is worth 195,000 toman, making the rial one of the world's weakest currencies. The minimum wage in Iran is roughly $100 per month, meaning purchasing power for ordinary Iranians continues to be squeezed.
- DevelopingIranian rial slides further, topping 1.77 million to the dollar in new low
- StrongIranian rial nears 2 million per dollar, extending slide
- 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
A single-sourced dispatch is never rated Confirmed or Strong. Its Signal strengthens only when a second, independent source corroborates it.
- Internal intake