Iran inflation
Iran's Currency Crisis: Rial Hits Record Low of 1.2 Million to Dollar Amid Tightening Sanctions
Dec 04, 2025 12:04 am CST
Iran's rial has plummeted to an unprecedented 1.2 million to the US dollar as renewed nuclear sanctions devastate the economy. With Trump's "maximum pressure" campaign and UN sanctions reimposed, Iranians face soaring food prices and infrastructure concerns while the currency has lost over 97% of its value since the 2015 nuclear deal.
Iran to Remove Four Zeros from Currency as Rial Faces Record Depreciation Amid Sanctions
Oct 06, 2025 05:19 pm CST
Iran's parliament has approved a plan to remove four zeros from the national currency as the rial hits record lows amid renewed international sanctions. The monetary reform will replace 10,000 current rials with one new rial, with both versions circulating for up to three years. Originally proposed in 2019, this redenomination aims to simplify transactions in an economy struggling with severe currency depreciation.