29/04/2026
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29/04/2026
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TEHRAN, April 29: Iran’s currency has fallen to a historic low against the US dollar, reflecting mounting economic pressure as a US naval blockade targeting the country’s ports continues.
According to currency-tracking websites Bonbast and AlanChand, the Iranian rial weakened to around 1.80 million rials per dollar on the black market on Wednesday. The currency has declined further from about 1.70 million rials per dollar at the start of the conflict two months ago.
Iran maintains multiple official exchange rates, but black market benchmarks are widely regarded as a more accurate indicator of real-time currency value.
The latest fall in the rial highlights growing financial strain amid ongoing geopolitical tensions, with restrictions on trade and access to foreign currency contributing to the currency’s sharp depreciation.