Breaking
15:47 Iran's Rial Crosses 2,000,000 per Dollar, Setting Record Low · 12:46 Iran Threatens to Strike Tankers on Alternative Gulf Routes if Sanctions Backed · 01:46 Israeli Forces Enter Southern Syrian Village in Ground Incursion · 09:47 Israeli Artillery Strikes Southern Lebanese Town, Lebanon Front Escalates · 20:47 Netanyahu Threatens Turkey After Israel Strikes Turkish Assets in Syria · 08:48 Israel Strikes Lebanon's Ali Taher Hill in Overnight Operation · 08:47 Israeli Strike on Gaza City Cafe Kills Six, Day After Kushner Mission Fails · 01:46 WSJ: Iran Intelligence Shows Hardliners Preparing to Widen War · 22:46 Iran Fires Ballistic Missiles at Maritime Traffic; UAE Confirms Both Splashed · 16:49 Russia Secretly Ships Drone Parts and Explosives to Iran via Caspian Sea ·
Sun · 23 Aug 2026

Iran's Rial Crosses 2,000,000 per Dollar, Setting Record Low

Share
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.

Read more