The Iranian rial on Wednesday fell to a record low against the US dollar, according to the Iranian media, amid continued volatility in the country\u2019s foreign exchange market.<\/p>\n
ISNA reported that the dollar traded above 1,810,000 rials in Iran\u2019s domestic free market, marking a sharp depreciation trend that has intensified over the past two days. The currency lost more than 230,000 rials during this period.<\/p>\n
Despite what was described as relative stability in the domestic market, the report noted a significant decline in the rial\u2019s value, driven largely by rising local demand for major foreign currencies.<\/p>\n
The euro was also traded above 2,080,000 rials, while the United Arab Emirates dirham was priced at around 500,000 rials in the market.<\/p>\n
The Iranian rial has been under sustained pressure since the United States withdrew from the 2015 nuclear agreement in 2018 and reimposed sanctions on Tehran, contributing to long-term currency depreciation and economic strain.<\/p>\n
The report further referred to ongoing regional tensions and past military escalations involving Iran, Israel, and the United States, noting that such developments have also impacted broader economic sentiment in the region.<\/p>\n
Iran had responded to previous escalations with missile and drone strikes targeting Israeli and US positions in the Middle East, while a ceasefire was reached between the parties on April 8, according to the report.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Iranian rial on Wednesday fell to a record low against the US dollar, according to the Iranian media, amid continued volatility in the country\u2019s foreign exchange market. ISNA reported that the dollar traded above 1,810,000 rials in Iran\u2019s domestic free market, marking a sharp depreciation trend that has intensified over the past two days. […]<\/p>\n","protected":false},"author":5,"featured_media":74137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30,17],"tags":[],"ppma_author":[213],"class_list":{"0":"post-74136","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest","8":"category-world"},"yoast_head":"\n