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Iran Currency Drops To All-Time Low At 1,810,000 Rials To US Dollar
Iran's rial fell to a record low of 1,810,000 per US dollar on Wednesday, a drop of about 15% over the past two days. The decline followed weeks of calm in the free currency market, driven by rising demand for foreign currencies including the euro and the Emirati dirham.
Why It Matters
The move highlights ongoing volatility in Iran's currency market and could affect import costs, prices, and public sentiment.
Timeline
1 Event
Iran's rial hits all-time low of 1,810,000 per US dollar in free market
April 29, 2026
Iran's currency dropped to a record low of 1,810,000 rials to the US dollar, a fall of about 15% over the past two days, according to the Iranian Student News Agency (ISNA). The decline followed weeks of calm in Iran's free currency market and appeared to be driven by increased demand for foreign currencies, including the euro and the Emirati dirham. Currency-tracking websites showed rates ranging from 1,760,000 to 1,810,000 rials per US dollar.