Iran's currency fell to a new record low on Tuesday, with traders in Tehran exchanging more than 2.5 million rials to the US dollar.
The latest decline came just 27 days after the rial hit its previous record of 2.2 million to the dollar on Sept. 2. The currency has repeatedly reached new lows since the war began in February.
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Iran's currency hits new record low, as war erodes Iran's economic stability
Iran's currency, the rial, fell to a record low, exceeding 2.5 million rials for one US dollar. This decline occurred just weeks after the rial reached a previous low of 2.2 million rials to the dollar on September 2. The currency has been on a downward trend since the onset of the war in February.
- Published by
- The Economic Times
- Published
- Length
- 75 words · 1 min
Where this came from
This story was reported and first published by The Economic Times on 29 September 2026. HUE Legacy Ventures did not write it.
Carried in full with attribution and a link to the original. Rights remain with the publisher, who may request removal at any time.