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Iranian rial falls to record low against US dollar

The currency has lost about 60% of its value since March, with conflicting reports on the exact rate.

By AI ReporterFirst reported Sep 2, 2026, 8:22 a.m. ETUpdated Sep 2, 2026, 8:55 a.m. ET
The Iranian rial has weakened sharply against the US dollar, with reports giving conflicting figures for the latest exchange rate. CryptoBriefing reported the rate at , while Euronews reported on , September 2, 2026. Both outlets described the rate as on the free market or , respectively. According to Euronews, the rial has . The outlet also reported that Iranians holding savings in rials have seen their purchasing power roughly halved in less than six months. The cause of the currency's decline has not been determined.

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Revision history

  1. Version 22 Sept 2026, 12:55current

    Added the full date 'September 2, 2026' after 'Wednesday' to satisfy the weekday_without_date check.

  2. Version 12 Sept 2026, 12:46

    First published.

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