economic

Rial Plunges Past 1.44 Million Per Dollar

| Iran Conflict

The rial crashes through the 1,440,000 per USD barrier on the open market as panic selling accelerates. The Central Bank's intervention of $200 million in forex reserves fails to stabilize the currency. Economists note the psychological damage of repeated record lows is fueling a self-reinforcing flight from the rial, with households converting savings to gold, dollars, and even cryptocurrency.

Media

Iranian rial plunges past 1.44 million per dollar as panic selling accelerates
Iranian rial plunges past 1.44 million per dollar as panic selling accelerates — PBS NewsHour

Sources

  • T1 Central Bank of Iran Official middle_eastern
  • T2 Reuters Major western
  • T3 Financial Tribune Institutional middle_eastern
  • T2 Donya-e-Eqtesad Major middle_eastern
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