Iranian Rial Hits Record Low as Economic Crisis Deepens

The currency's collapse to 1,043,000 per U.S. dollar highlights mounting public frustration, U.S. sanctions, and stalled nuclear negotiations.

The Iranian rial fell to a historic low of 1,043,000 per U.S. dollar on April 5, 2025, reflecting a worsening economic crisis.
Renewed U.S. sanctions under President Trump's 'maximum pressure' campaign have targeted Iranian oil exports and regional influence, exacerbating economic isolation.
Public frustration has intensified, with citizens turning to foreign currencies, gold, and cryptocurrencies to preserve savings amidst inflation fears.
President Masoud Pezeshkian urged for nuclear negotiations with the U.S. on equal terms, rejecting coercive tactics as counterproductive.
Political fallout continues, with the impeachment of Finance Minister Abdolnasser Hemmati and the dismissal of Vice President Shahram Dabiri over public outrage regarding government spending.