Overview
- Live open-market rates put the rial near 1,429,500 per U.S. dollar and about 1,668,500 per euro, according to Bonbast data.
- Price shocks on imported staples such as wheat, cooking oil, and medicine ingredients are intensifying shortages and household strain.
- Demonstrations that began with bazaar strikes have widened to students and workers nationwide, with some chants challenging the theocratic leadership.
- The currency lost roughly 45 percent against the dollar in 2025, deepening a multi-year slide tied to sanctions and fiscal pressures.
- Blockchain analysis shows rising crypto use as a hedge, with Iranian‑linked services moving over $4 billion in 2024 while authorities continue to police mining and platforms.