economic

Rial Breaches 1,420,000/USD Amid Panic Selling

| Iran Conflict

The rial fell to 1,420,000 per US dollar on the open market as panic selling intensified. Currency exchange shops in Tehran reported being overwhelmed with sellers. The gap between the official rate (42,000) and the open market rate widened to a factor of 34x, the largest divergence in Iran's history.

Media

Iranian rial breaches 1,420,000 per dollar amid panic selling at exchange shops
Iranian rial breaches 1,420,000 per dollar amid panic selling at exchange shops — CNN

Sources

  • T2 Reuters Major western
  • T2 Eghtesad Online Major middle_eastern
  • T2 Iran International Major western
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