Iranian Central Bank Issues Warning Over Buying Rial Amid Record Currency Drop

Islamabad (Khabar Desk) — Iran’s central bank has issued a warning to individuals purchasing Iranian Rial, cautioning that buying the currency at inflated rates could lead to financial losses amid a steep decline in its value.
According to officials, the Iranian Rial has fallen to a record low in the open market, raising concerns over extreme volatility in currency trading.
The central bank stated that the exchange rate may fluctuate further, adding that any increase in supply or effective intervention could potentially bring prices down. It warned that those purchasing foreign currency at higher rates may suffer losses if the market corrects.
Reports indicate that the Iranian Rial has depreciated sharply, with the value of one US dollar reaching approximately 1.87 million rials. Against other major currencies, the rial has also weakened significantly, reaching around 2.23 million rials per euro and 2.58 million rials per British pound.
Economists say the recent instability follows a period of relative stability during the early weeks of regional tensions, when limited trade activity helped support the currency. However, they note that in recent days, the rial has experienced a rapid decline due to reduced economic activity and import pressures.
Analysts further warn that continued volatility could impact public confidence and increase risks for short-term currency traders.