The Iranian Student News Agency (ISNA) reported that the Iranian rial's value has plummeted, with rates fluctuating between 1,760,000 and 1,810,000 rials to the dollar. The recent surge in demand for foreign currencies, particularly the euro and Emirati dirham, has contributed to this dramatic decline. This situation comes after weeks of relative calm in the currency market, indicating a potential shift in economic conditions.
BUSINESSPublished 29 Apr 2026 • Published 4h ago
Iran Currency Plummets to 1.81 Million Rials to Dollar
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On April 29, 2026, Iran's currency fell to a record low of 1,810,000 rials to the U.S. dollar, marking a 15% decline over two days. This drop follows a period of stability in Iran's currency market and is attributed to increased demand for foreign currencies. The significant depreciation signals ongoing economic challenges in Iran.
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