📉 Iran’s rial fell to a record 2.02 million per US dollar…
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📉 Iran’s rial fell to a record 2.02 million per US dollar on the informal market on 24 August, as Washington prepared further sanctions. The official central-bank rate was about 1.5 million rials per dollar.
The planned measures could include secondary sanctions against countries that keep trading with Iran. Reuters reported that Iran threatened to halt all oil exports from the Persian Gulf if the economic conflict continues. ⚠️
The fall deepens pressure on households: AP reported rice prices about 60% higher and beef prices more than 150% higher since the 2026 war began. A weaker rial raises the local-currency cost of imports and of dollars sought as savings.
The dispute also remains tied to shipping through the Strait of Hormuz, where traffic has been severely disrupted. The IMF forecasts Iran’s economy will contract 5.4% in 2026, while warning that geopolitical and sanctions conditions make the outlook unusually uncertain. 🌍
https://nutanica.com/Iranian_rial
The planned measures could include secondary sanctions against countries that keep trading with Iran. Reuters reported that Iran threatened to halt all oil exports from the Persian Gulf if the economic conflict continues. ⚠️
The fall deepens pressure on households: AP reported rice prices about 60% higher and beef prices more than 150% higher since the 2026 war began. A weaker rial raises the local-currency cost of imports and of dollars sought as savings.
The dispute also remains tied to shipping through the Strait of Hormuz, where traffic has been severely disrupted. The IMF forecasts Iran’s economy will contract 5.4% in 2026, while warning that geopolitical and sanctions conditions make the outlook unusually uncertain. 🌍
https://nutanica.com/Iranian_rial
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