The Iranian rial has hit a record low, with the U.S. dollar surpassing 100,000 tomans in free-market trading. The euro reached 108,000 tomans, and the British pound climbed to 128,000 tomans. Gold prices have surged as well, with the Emami coin nearing 94 million tomans, reflecting heightened economic uncertainty.
Multiple factors are driving the currency’s decline, including tensions between Iran and the U.S. following Donald Trump’s recent remarks, Israeli attacks on Gaza, and fears of further devaluation. The U.S. has also imposed new sanctions on Iran’s oil sector, targeting 18 companies and key officials.
Iran’s economy faces mounting challenges, including a soaring budget deficit exceeding 1,500 trillion tomans and liquidity reaching 9,603 trillion tomans. Inflation remains high, with economists warning of continued instability. Without major reforms, Iran’s currency market is expected to remain volatile, exacerbating economic hardships for businesses and households.
