The Iranian rial fell 5% Monday to trade at 2.1 million per dollar, a new record low, after crossing the 2 million threshold in recent days, according to The Zioneer. The currency has been in sharp decline amid U.S. sanctions and economic pressure.
The Iranian rial extended its historic slide Monday, trading at 2.1 million per dollar — a loss of 5% in a single session, according to data tracked by The Zioneer. The currency crossed the symbolic 2 million mark earlier this week. The ongoing collapse reflects the deepening economic crisis in Tehran, driven by renewed U.S. sanctions, a naval blockade, and the loss of key revenue streams. As The Zioneer has reported, the rial has lost roughly a third of its value over the past two months. There are no signs of reversal, with the message stating "the hand is still outstretched," indicating further declines expected.
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