Updated: 2026-05-01
- The Iranian rial has fallen to 1,8 million per dollar amid maximum pressure from the United States.
- Inflation reached 50% due to the blockade and the fall of the national currency, which led to an increase in prices for basic goods.
Iran’s currency has fallen to its lowest level in history, continuing a downward trend that began amid US economic tightening.
Data Open market exchange rates for the rial show a decline from early 2025 to April 2026, after which the rate rose to 1,8 million rials per US dollar on April 29.
At the beginning of 2025, the exchange rate was around 800,000 rials per dollar and fluctuated within a relatively narrow range during the first half of the year. In March, the rate exceeded 1 million rials, but by May it had fallen back to 800,000-900,000.
However, in the second half of the year, the situation changed. The rial began to weaken steadily, falling to 1,1 million by September and to 1,3 million by December. This trend continued into 2026, with occasional volatility, but overall, the rial continued to decline. By the end of April, the rial had sharply risen to 1,8 million, the highest level in the entire observed period.
On words US Treasury Secretary Scott Bessint said the economic pressure was caused by the American campaign “Operation Economic Fury.” He stated that the campaign’s goal is to disrupt financial networks by confiscating assets, freezing accounts, and preventing global financial transactions. Nearly $500 million in Iranian crypto assets have already been confiscated.
The fall of the rial coincided with the rise in domestic inflation. According to According to the Central Bank of Iran, annual inflation rose from over 40% before the conflict to 50% as of April 4. This is due to rising prices for essential goods.
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