Iranian economy

Iran’s rial hits historic low: Over 1.5 million rials to a dollar

Essentials such as food, medicine, and clothing have become increasingly unaffordable, while the minimum monthly wage has fallen to roughly $100.

|ByJERUSALEM POST STAFF
People walk past a sign at a currency exchange as the value of the Iranian Rial drops, in Tehran, Iran, February 9, 2025
Iranian Rial banknotes over a backdrop of the Iranian flag; illustration.

Iranian rial reaches record low value, trading at over 1.5m IRR per USD

The Iranian rial fell to a record low of about 1.52 million per dollar on the unofficial market, deepening economic turmoil as nationwide protests continue and confidence in the regime weakens.

|ByJAMES GENN
Iranians walks past a Bank Ayandeh and Parian, on the first anniversary of the nuclear agreement, in the capital Tehran on Jaunary 14, 2017.

Ayandeh Bank's collapse highlights breakdown of Iran’s financial system - WSJ

Ayandeh Bank, which was run by individuals connected to the Iranian regime, failed after accumulating nearly $5 billion in losses from bad loans.

|ByFRAIDY MOSER
Iranians walks past shops in Vali-Asr Square in the Iranian capital Tehran, on the last day of the year on December 31, 2025. Iran's prosecutor general said on December 31, 2025,

Iranian government announces financial relief program as protests continue

Government spokeswoman Fatemeh Mohajerani said each Iranian will receive 1 million tomans ($7) per month for four months via direct deposit credit for basic necessities.

|ByTHE MEDIA LINE STAFF

Are EU sanctions against Iran beginning to evaporate?

The first Europe-Iran Forum, which took place on Wednesday and Thursday in London, stated its goal as “preparing post-sanctions investment and trade.”

OCTOBER 20, 2014ByBENJAMIN WEINTHAL
Iranian Foreign Minister Mohammad Javad Zarif (R) and EU foreign policy chief Catherine Ashton