Iran Rial Falls to Record Low Amid Rising Dollar Demand and Economic Pressure

Iran’s currency has fallen to a record low, reaching about 1,810,000 rials per U.S. dollar, according to the Iranian Student News Agency. The decline represents a drop of roughly 15% over the past two days, marking one of the sharpest short-term devaluations in recent months.

Market Pressure Driven by Foreign Currency Demand

Currency tracking platforms reported exchange rates ranging between 1,760,000 and 1,810,000 rials per dollar in unofficial trading markets. The depreciation follows a period of relative stability but is now being driven by increased demand for foreign currencies such as the euro and the Emirati dirham.

Black Market Rates Reflect Continued Economic Strain

Independent currency trackers including Bonbast and AlanChand confirmed that the rial is trading near 1.8 million per dollar on the black market. These platforms are widely used as benchmarks since Iran maintains multiple official exchange rates that differ from market levels.

Earlier comparisons show the currency weakening from around 1.7 million rials per dollar just weeks ago, highlighting continued pressure on Iran’s foreign exchange market amid ongoing geopolitical and economic constraints.