Iran’s Currency Plunges to Historic Low as Rial Loses Value Against Major Currencies

Iran’s national currency, the Iranian rial, has plunged to historic lows amid mounting economic pressure, soaring inflation, and prolonged geopolitical challenges. The sharp depreciation has pushed the rial’s value against major global currencies to levels that are now considered among the weakest in the world.

In euro terms, one Iranian rial is now worth only a minuscule fraction, effectively nearing zero when expressed in everyday financial comparisons. While not literally worthless, the collapse in value underscores how severely inflation and currency devaluation have eroded purchasing power inside the country.

The decline has been driven by a combination of economic sanctions, reduced oil revenues, limited access to foreign exchange, and persistent inflation, which has placed immense pressure on households and businesses alike. Everyday essentials have become increasingly expensive, savings have lost value, and financial uncertainty continues to rise.

The currency collapse has also had social repercussions, triggering widespread public frustration and concern over the cost of living. Despite various government efforts, including discussions around currency reforms and structural adjustments, economic stability remains elusive.

Economists warn that without significant policy changes, improved international trade access, and inflation control, the rial’s weakened position could persist, further straining Iran’s economy and the daily lives of its citizens.