USD x Iranian rials End of December?
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The Iranian currency hits a new low of 2.7 million rials to the dollar.
The Iranian rial falters against the dollar... and Tehran fails to stem the currency's decline despite injecting $2 billion. The Iranian rial continued its slide to a new record low as the US naval blockade of Iranian ports persists. The Iranian central bank announced it would inject up to $2 billion in an attempt to support the local currency and halt its decline. The Iranian economy is facing increasing pressure as a result of sanctions and the US naval blockade, coinciding with the continued depreciation of the rial. Tehran and Washington continue their confrontation amid military escalation and economic pressure, further straining Iranian markets.
The devaluation of the Iranian national currency continued on Saturday, October 11, and the price of the US dollar in the open market crossed the 270,000 Toman mark for the first time. Based on the rates announced on Saturday afternoon, the selling price of the dollar reached about 271,000 Tomans and the euro reached more than 305,000 Tomans. This is while on Thursday, the price of the dollar in the open market was reported to be about 258,000 Tomans; Thus, the dollar has increased by more than 13,000 tomans, equivalent to about five percent, in two days. The increase in foreign currency prices continues even though the Central Bank of the Islamic Republic announced on Wednesday that it plans to issue two billion dollars in banknotes to the market. The judiciary has also announced that it will deal with channels and pages that it calls "false currency pricing."
The Iranian economy is simultaneously under pressure from the war with the United States, sanctions, and increasing restrictions on foreign trade resulting from the naval blockade. The value of Iran's national currency has decreased by more than 31 percent since July 13, when the US naval blockade against Iran began.
@VahidHeadline @VahidOnline
The devaluation of the Iranian national currency continued on Saturday, October 11, and the price of the US dollar in the open market crossed the 270,000 Toman mark for the first time. Based on the rates announced on Saturday afternoon, the selling price of the dollar reached about 271,000 Tomans and the euro reached more than 305,000 Tomans. This is while on Thursday, the price of the dollar in the open market was reported to be about 258,000 Tomans; Thus, the dollar has increased by more than 13,000 tomans, equivalent to about five percent, in two days. The increase in foreign currency prices continues even though the Central Bank of the Islamic Republic announced on Wednesday that it plans to issue two billion dollars in banknotes to the market. The judiciary has also announced that it will deal with channels and pages that it calls "false currency pricing."
The Iranian economy is simultaneously under pressure from the war with the United States, sanctions, and increasing restrictions on foreign trade resulting from the naval blockade. The value of Iran's national currency has decreased by more than 31 percent since July 13, when the US naval blockade against Iran began.
@VahidHeadline @VahidOnline
The devaluation of the Iranian national currency continued on Saturday, October 11, and the price of the US dollar in the open market crossed the 270,000 Toman mark for the first time. Based on the rates announced on Saturday afternoon, the selling price of the dollar reached about 271,000 Tomans and the euro reached more than 305,000 Tomans. This is while on Thursday, the price of the dollar in the open market was reported to be about 258,000 Tomans; Thus, the dollar has increased by more than 13,000 tomans, equivalent to about five percent, in two days. The increase in foreign currency prices continues even though the Central Bank of the Islamic Republic announced on Wednesday that it plans to issue two billion dollars in banknotes to the market. The judiciary has also announced that it will deal with channels and pages that it calls "false currency pricing."
The Iranian economy is simultaneously under pressure from the war with the United States, sanctions, and increasing restrictions on foreign trade resulting from the naval blockade. The value of Iran's national currency has decreased by more than 31 percent since July 13, when the US naval blockade against Iran began.
@VahidHeadline @VahidOnline
The devaluation of the Iranian national currency continued on Saturday, October 11, and the price of the US dollar in the open market crossed the 270,000 Toman mark for the first time. Based on the rates announced on Saturday afternoon, the selling price of the dollar reached about 271,000 Tomans and the euro reached more than 305,000 Tomans. This is while on Thursday, the price of the dollar in the open market was reported to be about 258,000 Tomans; Thus, the dollar has increased by more than 13,000 tomans, equivalent to about five percent, in two days. The increase in foreign currency prices continues even though the Central Bank of the Islamic Republic announced on Wednesday that it plans to issue two billion dollars in banknotes to the market. The judiciary has also announced that it will deal with channels and pages that it calls "false currency pricing."
The Iranian economy is simultaneously under pressure from the war with the United States, sanctions, and increasing restrictions on foreign trade resulting from the naval blockade. The value of Iran's national currency has decreased by more than 31 percent since July 13, when the US naval blockade against Iran began.
@VahidHeadline @VahidOnline
The devaluation of the Iranian national currency continued on Saturday, October 11, and the price of the US dollar in the open market crossed the 270,000 Toman mark for the first time. Based on the rates announced on Saturday afternoon, the selling price of the dollar reached about 271,000 Tomans and the euro reached more than 305,000 Tomans. This is while on Thursday, the price of the dollar in the open market was reported to be about 258,000 Tomans; Thus, the dollar has increased by more than 13,000 tomans, equivalent to about five percent, in two days. The increase in foreign currency prices continues even though the Central Bank of the Islamic Republic announced on Wednesday that it plans to issue two billion dollars in banknotes to the market. The judiciary has also announced that it will deal with channels and pages that it calls "false currency pricing."
The Iranian economy is simultaneously under pressure from the war with the United States, sanctions, and increasing restrictions on foreign trade resulting from the naval blockade. The value of Iran's national currency has decreased by more than 31 percent since July 13, when the US naval blockade against Iran began.
@VahidHeadline @VahidOnline
The devaluation of the Iranian national currency continued on Saturday, October 11, and the price of the US dollar in the open market crossed the 270,000 Toman mark for the first time. Based on the rates announced on Saturday afternoon, the selling price of the dollar reached about 271,000 Tomans and the euro reached more than 305,000 Tomans. This is while on Thursday, the price of the dollar in the open market was reported to be about 258,000 Tomans; Thus, the dollar has increased by more than 13,000 tomans, equivalent to about five percent, in two days. The increase in foreign currency prices continues even though the Central Bank of the Islamic Republic announced on Wednesday that it plans to issue two billion dollars in banknotes to the market. The judiciary has also announced that it will deal with channels and pages that it calls "false currency pricing."
The Iranian economy is simultaneously under pressure from the war with the United States, sanctions, and increasing restrictions on foreign trade resulting from the naval blockade. The value of Iran's national currency has decreased by more than 31 percent since July 13, when the US naval blockade against Iran began.
@VahidHeadline @VahidOnline
It took the dollar 309 days to go from 100,000 to 150,000 tomans and 209 days to reach 200,000 tomans. It took just over a month to go from 200,000 tomans. Each new threshold has been broken earlier than the previous one, and in parallel, the ear-piercing sound of the rial's death knell has become louder every day.
In this episode of Abacus, Mohammad Mashinchian examines the relationship between the dollar's exchange rate and the price of goods, and predicts the dollar's future path.
Live: Iranian rial sinks past 2.5 million to US dollar in new record low
Another low for the Iranian currency, relative to the dollar: One US dollar is worth 2,539,000 rials. Lost in the last week: 10% of its value.
IRAN’S RIAL HITS RECORD LOW AS WAR WEIGHS ON ECONOMY • • Iran’s currency weakened to a fresh record low Tuesday, with traders exchanging more than 2.5 million rials per U.S. dollar, according to AP. • • The rial has fallen steadily since the U.S.-Israeli assault began in February. • • The decline comes as U.S.-Iran talks through mediators focus on reopening the Strait of Hormuz, while Washington continues efforts to increase economic pressure on Tehran.
Iranian media: The national currency continues its unprecedented decline in the parallel market, reaching 252,000 tomans per dollar.
Continuing the upward trend and record-breaking price of foreign currencies in the Iranian market, on Monday, October 26, each US dollar increased by more than five thousand tomans compared to this morning to 245 thousand tomans, each euro reached 278 thousand 500, and each British pound reached 325 thousand tomans.
The price of each Turkish lira also exceeded five thousand tomans for the first time in trading history.
The price of each new coin called Emami also exceeded 247 million tomans.
Continuing the upward trend in prices and the inflammation in the Iranian currency market, due to the naval blockade and intensified economic pressure from the United States, the US dollar rate in Tehran's free market exceeded 240,000 tomans for the first time. Interview with Mahtab Gholizadeh, economic journalist
Following the Iranian President's emphasis on continuing the nuclear program and the Islamic Republic's determination not to give in to US pressure, the value of the Iranian rial has started to decline again. The dollar rate against the Iranian rial increased by 1.4 percent to 235,400 Tomans on Thursday. At the time of writing this report at noon today, the euro rate has reached nearly 268,000 Tomans and the British pound has reached 313,000 Tomans. The Emami coin, with an increase of nearly two percent, is currently trading above 240 million Tomans, and the Bahar Azadi coin, with an increase of 1.7 percent, is trading above 236 million Tomans.
@VahidHeadline @VahidOnline
Following the Iranian President's emphasis on continuing the nuclear program and the Islamic Republic's determination not to give in to US pressure, the value of the Iranian rial has started to decline again. The dollar rate against the Iranian rial increased by 1.4 percent to 235,400 Tomans on Thursday. At the time of writing this report at noon today, the euro rate has reached nearly 268,000 Tomans and the British pound has reached 313,000 Tomans. The Emami coin, with an increase of nearly two percent, is currently trading above 240 million Tomans, and the Bahar Azadi coin, with an increase of 1.7 percent, is trading above 236 million Tomans.
@VahidHeadline @VahidOnline
What is this event about?
This market will resolve according to the finalized USD exchange rate on Bonbast for December 31, 2026.
If the recorded data falls exactly between two brackets, this market will resolve to the higher bracket.
This market will resolve according to the finalized free-market USD exchange rate for the specified date as displayed on Bonbast (https://www.bonbast.com/graph/usd), which publishes prices in Iranian toman, where 1 Iranian toman equals 10 Iranian rials (IRR).
A daily figure will be considered finalized once the following day’s figure is released.
Resolution will occur once the specified exchange rate data point is finalized. If the relevant data is not finalized by the end of the 7th calendar day after the specified date (ET), this market will resolve according to the latest data available at that time. Revisions made after the relevant figure has been finalized will not be considered.
If Iran redenominates the rial, or Bonbast changes the unit in which it displays the USD exchange rate, before the relevant figure has been finalized, the displayed figure will be converted into current Iranian rials at the official conversion ratio between the new unit and the current rial (for example, 1 new rial equals 10,000 current rials), and the converted figure will be used for resolution.
The resolution source for this market will be Bonbast (https://www.bonbast.com/graph/usd). If the resolution source becomes permanently unavailable, another resolution source will be chosen.