Iranian rial sinks to record low of 2.2 million per dollar

The Iranian rial has fallen to a new all-time low of 2.2 million against the U.S. dollar, according to N12. The currency continues its sharp decline amid U.S. sanctions and economic pressure.

The Iranian rial has dropped to an unprecedented low of 2.2 million against the dollar, according to N12. The currency has been under severe pressure from U.S. sanctions, including the recent closure of IRGC-linked Bank Melli branches worldwide, as The Zioneer reported. The rial had previously crossed the 2 million mark in August and hit 2.1 million per dollar days ago, marking a continued erosion of Iran's purchasing power.

7 developments

1. 7 days ago · 17:44 · 4 SeptLatest

   300 US dollars are now worth 669 million Iranian rials.

2. 14:27 · 4 Sept

   Image illustrates extreme currency devaluation with 300 dollars in Iranian banknotes.

3. 12:04 · 4 Sept

   Rial hits 220,000 toman per dollar; gold prices also surging.

• Developing00:15 · 20 JulIranian rial plunges to 1.95 million per dollar, new record low
• Confirmed22:16 · 1 AugTrump: 'I am destroying the Iranian currency' — dollar at 190,000 toman
• Developing20:24 · 15 JulIranian rial slides further, dollar nears 190,000 toman in Tehran market

Source and signal

• Open-source intake