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Al Jazeera
Al Jazeera
Politics
Maziar Motamedi

Iran’s currency hits new low as ‘snapback’ looms over nuclear programme

Iran Tehran United Nations Donald Trump Israel Masoud Pezeshkian United States Vladimir Putin UNSC
Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, August 28, 2025 [Vahid Salemi/AP Photo]

Tehran, Iran – Iran’s currency has been sharply depreciating again as European powers push to reinstate United Nations sanctions against the country amid stalled diplomacy and fears of war with Israel and the United States.

The US dollar hit a price of more than 1.06 million rials in Tehran’s open currency market on Monday, slightly higher than before Tehran and Washington started mediated negotiations in April.

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