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.