Iranian Rial Hits Record Low Ahead of Expanded US Sanctions
The currency reached 2.02 million to the dollar on open markets as Washington prepares further economic pressure.
Tehran1 min read
Last updated
Iran's rial fell to a new record low of 2.02 million against the US dollar on Monday as the United States prepared to announce expanded sanctions.
The official Central Bank rate stood near 1.5 million, but most Iranians use the market rate. The currency has weakened steadily since the start of the military campaign against Iran in late February and has accelerated in recent weeks.
Treasury Secretary Scott Bessent's Operation Economic Outcast targets remaining revenue channels. Iranian leaders have warned that support for the sanctions by other countries will be treated as an act of war. They have also threatened restrictions on vessels in the Strait of Hormuz.
Pakistan's Army Chief Asim Munir arrived in Iran for talks, described by Islamabad as efforts to promote regional stability.
Nearly six months of conflict have compounded earlier sanctions pressure. Oil exports and financial networks remain central to the regime's ability to fund military and domestic operations.
