▼ Bearish
Iran's rial is trading at over 2.24 million per dollar, marking a record low and a 12% decline since late August.
A year ago, the exchange rate was approximately 1.1 million rials per dollar. Food prices have surged by 128%, leading to a minimum wage of about $74 monthly.
The currency collapse has accelerated following the US Treasury's launch of "Operation Economic Outcast" on August 24.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.