Sanctions Send Iran’s Rial Tumbling – Dollar Skyrockets to 1.1 Million on the Black Market (قیمت دلار)
The Iranian rial fell to a record low in late 2025, with one U.S. dollar trading for IRR 1,080,000–1,130,000 on the open market. The Central Bank’s official rate remained near IRR 545,700 per dollar in April. Sanctions and fears of renewed restrictions fueled the slide, while most foreign trade now relies on shadow networks and informal money channels.