{"id":2125380,"date":"2026-09-02T12:37:11","date_gmt":"2026-09-02T09:37:11","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2125380"},"modified":"2026-09-02T12:37:11","modified_gmt":"2026-09-02T09:37:11","slug":"iranian-rial-in-freefall-as-dollar-breaks-2-1-million-mark","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2125380","title":{"rendered":"Iranian rial in freefall as dollar breaks 2.1 million mark"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/89\/83\/73\/1200x675_cmsv2_cecbd7ad-1e36-5219-a393-fd49d8a5d571-9898373.jpg&#8221;]<\/p>\n<article id=\"abe-2922669-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922669\" data-cid=\"9899181\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922669-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/04\/83\/11\/28\/189x106_cmsv2_09e2d377-a480-5cf6-a23e-fc9fc4a2ec59-4831128.jpg\" loading=\"lazy\" alt=\"This April 4, 2016 file photo shows Maltese investigative journalist Daphne Caruana Galizia, who was killed by a car bomb in Malta on Oct. 16, 2017.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Malta jury clears businessman in Daphne Caruana Galizia murder case\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922631-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922631\" data-cid=\"9899069\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922631-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/90\/69\/189x106_cmsv2_b4f97632-1499-5f92-b14a-ae6bf650275d-9899069.jpg\" loading=\"lazy\" alt=\"Spanish Pedro Sanchez speaks to reporters \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Spain in disarray over leaked reports about Morocco\u2019s role in Ceuta\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922524-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2922524\" data-cid=\"9898543\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922524-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/85\/43\/189x106_cmsv2_efb8ba1d-6940-5094-a07b-1ffd3e9a5b37-9898543.jpg\" loading=\"lazy\" alt=\"MEPs Bentele (EPP) and Germain (S&amp;D) in The Ring\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    The Ring<\/p>\n<div class=\"the-media-object__title  \">\n<p>    The surge of the far-right &#8211; who is to blame? MEPs clash in The Ring\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922608-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922608\" data-cid=\"9899127\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922608-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/89\/97\/189x106_cmsv2_a76e691b-5c40-5e28-a2bb-8af712084f79-9898997.jpg\" loading=\"lazy\" alt=\"Police officers secure the area around the Schachen racecourse after a shooting at a rave in Aarau, Switzerland, on Sunday, 30 August 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Swiss rave shooting suspect reportedly had &#8216;psychological problems&#8217;\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922669-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922669\" data-cid=\"9899181\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922669-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/04\/83\/11\/28\/189x106_cmsv2_09e2d377-a480-5cf6-a23e-fc9fc4a2ec59-4831128.jpg\" loading=\"lazy\" alt=\"This April 4, 2016 file photo shows Maltese investigative journalist Daphne Caruana Galizia, who was killed by a car bomb in Malta on Oct. 16, 2017.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Malta jury clears businessman in Daphne Caruana Galizia murder case\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922631-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922631\" data-cid=\"9899069\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922631-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/90\/69\/189x106_cmsv2_b4f97632-1499-5f92-b14a-ae6bf650275d-9899069.jpg\" loading=\"lazy\" alt=\"Spanish Pedro Sanchez speaks to reporters \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Spain in disarray over leaked reports about Morocco\u2019s role in Ceuta\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922524-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2922524\" data-cid=\"9898543\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922524-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/85\/43\/189x106_cmsv2_efb8ba1d-6940-5094-a07b-1ffd3e9a5b37-9898543.jpg\" loading=\"lazy\" alt=\"MEPs Bentele (EPP) and Germain (S&amp;D) in The Ring\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    The Ring<\/p>\n<div class=\"the-media-object__title  \">\n<p>    The surge of the far-right &#8211; who is to blame? MEPs clash in The Ring\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2922608-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2922608\" data-cid=\"9899127\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922608-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/89\/97\/189x106_cmsv2_a76e691b-5c40-5e28-a2bb-8af712084f79-9898997.jpg\" loading=\"lazy\" alt=\"Police officers secure the area around the Schachen racecourse after a shooting at a rave in Aarau, Switzerland, on Sunday, 30 August 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Swiss rave shooting suspect reportedly had &#8216;psychological problems&#8217;\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Markets<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            Iranian rial in freefall as dollar breaks 2.1 million mark<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/83\/73\/1536x864_cmsv2_cecbd7ad-1e36-5219-a393-fd49d8a5d571-9898373.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"US dollar\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              US dollar<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbsp<b>Euronews Persian<\/b><\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1788352631\">\n                    Published on                 <time datetime=\"2026-09-02 14:37:11 +02:00\">02\/09\/2026 &#8211; 14:37 GMT+2<\/time><span class=\"c-article-publication-date__bullet\">\u2022<\/span>Updated<br \/>\n                                     <time datetime=\"14:42\">14:42<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div 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alt=\"vk\" loading=\"lazy\"><span>VK<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-vk.svg\" width=\"48\" height=\"48\" alt=\"vk\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"24\" height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        The rial has lost 63% of its value against the dollar since March, with the euro hitting 2.55 million rials and gold coins changing hands at 2.26 billion. Iran&#8217;s central bank governor pledged a $2 billion injection while acknowledging inflation had placed &#8220;heavy pressure on people&#8217;s livelihoods.&#8221;<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>The US dollar broke above 2.1 million Iranian rials on Tehran&#8217;s free market on Wednesday, setting a new record as the rial lost around 60% of its value against the dollar since the start of the Iranian calendar year in March \u2014 when the dollar traded at approximately 1.35 million rials.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The rial&#8217;s slide has accelerated since the US reimposed a naval blockade on Iranian ports in July, following the collapse of a short-lived ceasefire.<\/p>\n<p>The euro hit an unprecedented 2.55 million rials, and the UK pound reached 2,976,000 rials. <\/p>\n<p>The UAE dirham, which serves as the benchmark for pricing the rial on regional markets, reached 600,000 rials for the first time. <\/p>\n<p>One gram of 18-carat gold climbed above 225.7 million rials, and the Imami gold coin \u2014 a standard unit of value in Iran \u2014 changed hands at 2.26 billion rials.<\/p>\n<p>Iran operates a dual exchange rate system. The official rate, set by the Central Bank and used for state transactions and subsidised imports of essential goods, is significantly stronger than the free market rate available to ordinary Iranians and businesses. <\/p>\n<p>The gap between the two has widened sharply since the war began, with the free market rate now more than double the official rate.<\/p>\n<p>The rial has been in freefall since the US-Israeli strikes against Iran on 28 February launched the ongoing war, now in its seventh month, and has accelerated as Washington has tightened its economic pressure campaign. <\/p>\n<p>The US Treasury has cut off Iran&#8217;s access to regional banks, severing one of the Islamic Republic&#8217;s main channels for accessing foreign currency and clearing import payments. <\/p>\n<p>The naval blockade of Iranian ports has compounded the pressure by restricting trade routes and reducing Iran&#8217;s oil export revenues.<\/p>\n<div class=\"widget widget--type-image widget--size-fullwidth widget--animation-fade-in widget--align-center\" data-ratio=\"0.5714285714285714\">\n<div class=\"widget__wrapper\">\n<div class=\"widget__ratio widget__ratio--auto\">\n<div class=\"widget__contents\">\n<figure class=\"widget__figure\"><img decoding=\"async\" class=\"widgetImage__image\" loading=\"lazy\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/49\/65\/808x462_cmsv2_bd9cc869-c500-5704-a8ce-abb5b192f316-9894965.jpg\" alt=\"Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, a hub for foreign currency trading in downtown Tehran, Iran, Monday,\"><figcaption class=\"widget__caption\"><span class=\"widget__captionWrap\"><span class=\"widget__captionText\">Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, a hub for foreign currency trading in downtown Tehran, Iran, Monday,<\/span><span class=\"widget__captionCredit\">AP Photo<\/span><\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Abdolnaser Hemmati, governor of the Central Bank of Iran, said the bank was ready to inject $2 billion into the foreign exchange market to stabilise the rial. He attributed the latest slide primarily to psychological factors rather than fundamental economic ones.<\/p>\n<p>&#8220;The dust created in the foreign exchange market will settle, and the recent increase in exchange rates is driven more by psychological factors than by real economic factors,&#8221; he said.<\/p>\n<p>Hemmati acknowledged that inflation had placed heavy pressure on households. <\/p>\n<p>&#8220;Although inflation and rising prices have placed heavy pressure on people&#8217;s livelihoods and daily lives, and these difficulties are tangible, the Central Bank has been able to control the accelerating pace of inflation by using monetary, supervisory and prudential tools,&#8221; he said.<\/p>\n<p>He rejected US claims that Tehran lacked access to financial reserves. <\/p>\n<p>&#8220;These claims are completely baseless. The reserves have not been frozen, and the Central Bank has access to stable resources as well as multiple oil and non-oil revenues,&#8221; he said, claiming that more than $18 billion in foreign currency had been provided for imports of essential goods, medicines, animal feed and raw materials since March. <\/p>\n<p>He provided no further details to support the figure.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-1\">\n<li class=\"c-widget-related__item\">Exclusive: US naval blockade is paralysing daily life, Iranians tell Euronews<\/li>\n<li class=\"c-widget-related__item\">Kilometre-long petrol queues in Iran signal further strain on Tehran<\/li>\n<\/ul>\n<\/div>\n<p>The rial&#8217;s collapse is feeding directly into consumer prices. Iran was already experiencing high inflation before the war, while the currency&#8217;s further depreciation has raised the cost of all imported goods, raw materials and energy inputs. <\/p>\n<p>Iranians who hold savings in rials have seen their purchasing power roughly halved in less than six months. Gold and hard currency have become the primary store of value for those who can access them.<\/p>\n<p>Iran&#8217;s official currency is the rial, although most Iranians conduct everyday transactions in tomans \u2014 a colloquial unit equal to 10 rials that is so deeply embedded in daily use that shops, restaurants and property listings quote prices almost exclusively in tomans. <\/p>\n<p>At Wednesday&#8217;s free-market rate, the US dollar traded at about 220,000 tomans. The government announced plans in 2020 to formally replace the rial with the toman and remove four zeros from the currency, a redenomination that has not yet been fully implemented.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2922337-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2922337\" data-cid=\"9897683\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922337-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/76\/83\/480x270_cmsv2_e3fedda6-5a39-57ba-a670-4ea90a86de6f-9897683.jpg\" loading=\"lazy\" alt=\"FILE: Iranian domestically built missiles are displayed by the armed forces in front of the Azadi monument in Tehran, 29 July 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Iran<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    US launches new attacks on Iran, Tehran fires missiles across region<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922145-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2922145\" data-cid=\"9897456\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922145-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/67\/39\/480x270_cmsv2_5cb08327-d3aa-54d5-b7ea-066561f6a86e-9896739.jpg\" loading=\"lazy\" alt=\"Masoud Pezeshkian, Iran&apos;s president, at the 26th Shanghai Cooperation Organisation leaders&apos; 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src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/88\/20\/320x180_cmsv2_b5e3d325-11f7-5502-95a3-f076645531f7-9898820.jpg\" loading=\"lazy\" alt=\"The 2026 Semiquincentennial President Donald J. Trump $1 Coin, 2 September 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump becomes first sitting US president featured on circulating coin<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922459-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922459\" data-cid=\"9898189\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922459-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/81\/89\/320x180_cmsv2_bf90aa90-c596-511b-93da-616aa9815624-9898189.jpg\" loading=\"lazy\" alt=\"FILE. A customer pumps gas at a Chevron station in North Miami, Florida, May 2026\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Chevron unveils $7bn Venezuela deal as US claims a fifth of its oil<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922452-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922452\" data-cid=\"9898284\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922452-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/81\/82\/320x180_cmsv2_210640f2-76a0-5ae2-96e9-38aab1f51842-9898182.jpg\" loading=\"lazy\" alt=\"FILE: A job centre in Spain with a queue at the door\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain sheds almost 163,000 jobs in August as unemployment climbs<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922467-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2922467\" data-cid=\"9898270\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922467-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/82\/70\/320x180_cmsv2_6a445630-e48e-5c0f-822c-767b347191ef-9898270.jpg\" loading=\"lazy\" alt=\"Ian Tyler appointed bp Chair\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    British energy giant BP names Ian Tyler as chair after boardroom turmoil<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922412-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2922412\" data-cid=\"9897973\" data-part-label=\"Partner content\">\n<figure id=\"abe-2922412-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/89\/79\/73\/320x180_cmsv2_2eccce17-08d1-58e1-af61-8c9826a9d8ff-9897973.jpg\" loading=\"lazy\" alt=\"FILE - Venezuela&apos;s acting President Delcy Rodr\u00edguez speaks during a press conference in Caracas, Venezuela, on July 2, 2026.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Venezuela hands the US control over a fifth of its oil in landmark deal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2921916-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--no-label\" data-nid=\"2921916\" data-cid=\"9895601\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Death of Germany&#8217;s richest man creates a giant charitable foundation<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922552-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2922552\" data-cid=\"9898630\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Netherlands moves 86 tonnes of gold from US and Canada to UK<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922307-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2922307\" data-cid=\"9897687\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Ryanair&#8217;s Boeing 737 stairs tied to hundreds of passenger falls, study says<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922174-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2922174\" data-cid=\"9896889\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Trump vows US will take &#8216;all&#8217; of Venezuela&#8217;s oil as deal details emerge<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2922149-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--no-label\" data-nid=\"2922149\" data-cid=\"9896744\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    European government bond yields surge to 15-year highs as sell-off deepens<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The US dollar broke above 2.1 million Iranian rials on Tehran&#8217;s free market on Wednesday, setting a new record as the rial lost around 60% of its value against the dollar since the start of the Iranian calendar year in March \u2014 when the dollar traded at approximately 1.35 million rials.The rial&#8217;s slide has accelerated since the US reimposed a naval blockade on Iranian ports in July, following the collapse of a short-lived ceasefire.The euro hit an unprecedented 2.55 million rials, and the UK pound reached 2,976,000 rials.The UAE dirham, which serves as the benchmark for pricing the rial on regional markets, reached 600,000 rials for the first time.One gram of 18-carat gold climbed above 225.7 million rials, and the Imami gold coin \u2014 a standard unit of value in Iran \u2014 changed hands at 2.26 billion rials.Iran operates a dual exchange rate system. The official rate, set by the Central Bank and used for state transactions and subsidised imports of essential goods, is significantly stronger than the free market rate available to ordinary Iranians and businesses.The gap between the two has widened sharply since the war began, with the free market rate now more than double the official rate.The rial has been in freefall since the US-Israeli strikes against Iran on 28 February launched the ongoing war, now in its seventh month, and has accelerated as Washington has tightened its economic pressure campaign.The US Treasury has cut off Iran&#8217;s access to regional banks, severing one of the Islamic Republic&#8217;s main channels for accessing foreign currency and clearing import payments.The naval blockade of Iranian ports has compounded the pressure by restricting trade routes and reducing Iran&#8217;s oil export revenues.Abdolnaser Hemmati, governor of the Central Bank of Iran, said the bank was ready to inject $2 billion into the foreign exchange market to stabilise the rial. He attributed the latest slide primarily to psychological factors rather than fundamental economic ones.&#8221;The dust created in the foreign exchange market will settle, and the recent increase in exchange rates is driven more by psychological factors than by real economic factors,&#8221; he said.Hemmati acknowledged that inflation had placed heavy pressure on households.&#8221;Although inflation and rising prices have placed heavy pressure on people&#8217;s livelihoods and daily lives, and these difficulties are tangible, the Central Bank has been able to control the accelerating pace of inflation by using monetary, supervisory and prudential tools,&#8221; he said.He rejected US claims that Tehran lacked access to financial reserves.&#8221;These claims are completely baseless. The reserves have not been frozen, and the Central Bank has access to stable resources as well as multiple oil and non-oil revenues,&#8221; he said, claiming that more than $18 billion in foreign currency had been provided for imports of essential goods, medicines, animal feed and raw materials since March.He provided no further details to support the figure.The rial&#8217;s collapse is feeding directly into consumer prices. Iran was already experiencing high inflation before the war, while the currency&#8217;s further depreciation has raised the cost of all imported goods, raw materials and energy inputs.Iranians who hold savings in rials have seen their purchasing power roughly halved in less than six months. Gold and hard currency have become the primary store of value for those who can access them.Iran&#8217;s official currency is the rial, although most Iranians conduct everyday transactions in tomans \u2014 a colloquial unit equal to 10 rials that is so deeply embedded in daily use that shops, restaurants and property listings quote prices almost exclusively in tomans.At Wednesday&#8217;s free-market rate, the US dollar traded at about 220,000 tomans. The government announced plans in 2020 to formally replace the rial with the toman and remove four zeros from the currency, a redenomination that has not yet been fully implemented.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/09\/02\/iranian-rial-hits-record-low-as-us-dollar-breaks-22-million-mark&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/89\/83\/73\/1200x675_cmsv2_cecbd7ad-1e36-5219-a393-fd49d8a5d571-9898373.jpg&#8221;] Europe News Malta jury clears businessman in Daphne Caruana Galizia murder case Europe News Spain in disarray over leaked reports about Morocco\u2019s role in Ceuta The Ring The surge of the far-right &#8211; who is to blame? MEPs clash in The Ring Europe News Swiss rave shooting suspect reportedly had &#8216;psychological problems&#8217; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2125380","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2125380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2125380"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2125380\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2125380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2125380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2125380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}