Iranian Rial Plunges to Historic Low, Dollar Hits 1,250,000 Rials

Tehran (Daily Qudrat): The **Iranian currency** has come under severe pressure again, with the **exchange rate of the US dollar** reaching approximately **1,250,000 rials** in the open market.

According to international news agencies, the **Iranian economy** is facing renewed financial stress, and the rial has recorded its **lowest value in history**. Experts say that since **former US President Donald Trump re-imposed strict economic sanctions on Iran in 2018**, the rial has been in continuous decline. At the start of the sanctions, **1 US dollar equaled 55,000 rials**, but now the currency’s devaluation has reached alarming levels.

The recent **economic liberalization policies** by the Iranian government, coupled with rising **demand for dollars in the open market**, have further intensified the pressure on the rial. Citizens are increasingly purchasing foreign currency to secure daily necessities and safeguard their savings.

The government has allowed **importers to buy dollars from the open market** to facilitate essential imports, which has accelerated dollar demand and further weakened the rial.

The **World Bank** has warned that Iran’s economy could face **further deterioration in the coming years**. Experts caution that if the **currency crisis, inflation, and sanctions continue at the current pace**, the country may confront **deep recession, soaring inflation, and rising unemployment**.