Iran’s rial has fallen through a symbolic threshold, with the currency trading at around 2 million to the dollar on the open market as Washington prepares a fresh campaign to choke off Tehran’s remaining economic lifelines.
The rial was quoted at 1.992 million per dollar on Monday, according to Bonbast, a website that tracks Iran’s unregulated currency market. The currency has lost about 4.5% since US President Donald Trump unveiled what he called a “crushing economic operation” against Iran last week.
