Iran’s Rial Hits Record Low as Currency Slide Deepens

Iran’s rial has fallen to a record low of around 2.7 million to the US dollar, extending a steep decline that has put the currency’s stability under growing pressure.

The rial has lost more than 80% of its value against the dollar since the start of 2026, underscoring the scale of the collapse.

A weaker currency can drive up the local cost of imported goods and erode purchasing power. For businesses that need dollars to pay suppliers, it can also make costs harder to predict.

The slide raises the question of whether Tehran can halt the decline. No details of any new measures to support the rial were provided in the summary, leaving the authorities’ immediate response unclear.

The record exchange rate alone does not establish what is driving the latest losses or whether the currency is close to stabilizing. For now, the figures point to a sharp deterioration in the rial’s value.