Iran’s currency has plunged to an unprecedented low, with the US dollar reportedly surpassing 2 million Iranian rials in the open market. The sharp depreciation has further weakened purchasing power and intensified economic pressure on households already struggling with rising food prices. Tomatoes, chicken and cooking oil have recorded significant price increases, highlighting the impact of inflation and currency depreciation on everyday life. The continued decline of the rial, amid years of US sanctions and broader economic challenges, has raised fresh concerns over living standards, household budgets and Iran’s economic stability.
Iranian Rial Hits Record Low as Dollar Crosses 2 Million Rials
