By Admin 
Iran’s currency Rial (IRR) has reached its lowest level ever. In the informal market (black market or open market), 1 US dollar is now trading between 14.8 lakh to 15 lakh riyals. This is the worst record in the history of Iran.
Iranian Rial will continue to fall in 2026
According to PTI report, on the morning of January 27, 2026, 1 US dollar reached 1,504,000 Iranian Rial, which is an increase of 2.45% from yesterday. According to Iran International and other reports, it started from 14.7 lakh in the beginning of January, which has now fallen to 15 lakh. Some reports mention up to Rs 16.5 lakh.
Why is the Iranian Rial falling?
- International sanctions: Iran’s oil exports have reduced significantly due to strict sanctions by America, UN and Western countries. This has led to a shortage of dollars.
- Too much inflation: Inflation increased by more than 42 percent in December 2025 and the price of food items increased by more than 70 percent. The International Monetary Fund (IMF) estimates that it will continue to grow by 40 percent in 2026.
- government policies: The abolition of subsidized dollars made imports expensive, leading to further price increases.
- Loss of people’s trust: Iranian people are converting their savings into dollars, gold or property, which is putting further pressure on the Rial.
Apart from this, tension with Israel, impact of war and domestic economic policies have also become the reasons for the fall of Riyal.
What effect is the fall of the Riyal having on the common people?
Due to the weakening of the Iranian Rial, everyday items like food, medicine and clothes have become very expensive. The minimum wage has dropped to $100 per month. As a result, protests and strikes are increasing in Iran. Poverty is increasing in Iran. According to some reports, 22 to 50 percent of the people in the country are below the poverty line.