Iran's Rial Crosses 2,000,000 per Dollar, Setting Record Low
📉 TEHRAN — A currency crossing a symbolic threshold tells you what markets think, not what Tehran says. 📌 LOOK CLOSER: The 2M rial barrier is psychological and structural: it signals capital flight accelerating ahead of Bessent's Monday sanctions. Iranian households dollar-hedge by instinct — this pace suggests elite networks are moving assets now. A collapsing rial raises domestic costs, tightens IRGC procurement, and undercuts Pezeshkian's leverage to claim economic resilience.
