📉 Iran’s Rial at Historic Lows — Driving Economic Anger

 

      

📉 Iran’s Rial at Historic Lows — Driving Economic Anger

1. Record Currency Collapse
   Iran’s rial has plunged to new historic lows against the U.S. dollar, trading at roughly 1.47 million rials per dollar on the unofficial market, reflecting deep economic distress.

2. Underlying Economic Crisis
   The currency collapse is rooted in long-term inflation (estimated above 50 %) exacerbated by international sanctions, shrinking foreign exchange reserves, and steep rises in the cost of food and essential goods.

3. ...failed to stabilize the rial in the midst of rising public frustration.