Iranian currency plummets to a historic low, reaching 1.8 million per dollar and exposing economic pressure amid the war.

Written by Fabio Lucas Carvalho

Published on 30/04/2026 at 22:19

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The fall of the Iranian currency occurs amid an unstable ceasefire with the United States and Israel, a naval blockade of Iran’s ports, restrictions on oil flow, and deteriorating economic indicators that were already pressuring the population before the conflict.

The Iranian currency hit an all-time low against the US dollar, trading at around 1.8 million Iranian rials per dollar. The drop occurs amid the war, an unstable ceasefire with the United States and Israel, and the US naval blockade of Iranian ports.

Iranian currency reaches lowest value against the dollar

In the last two days, the price of one dollar has risen by more than 23,000 tomans, a currency widely used in Iran and equivalent to 10 Iranian rials. The devaluation increased pressure on the exchange rate at a time of military tension and restrictions on oil flow.

The naval blockade maintained by the United States affects Iranian ports and limits oil movement. This scenario adds to the instability of the ceasefire involving the United States, Israel, and Iran.

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Economy already facing strong deterioration

The Iranian economy was already in a critical situation before the conflict. National per capita income fell from approximately US$ 8,000 in 2012 to US$ 5,000 in 2024, amid inflation, corruption, and sanctions.

The worsening caused by the war may also increase poverty in the country. An additional 4.1 million people could fall into this condition due to the conflict, according to an estimate by the United Nations Development Programme.

War deepens pressure on Iran

The new low for the Iranian currency reflects the combination of armed conflict, economic restrictions, and internal fragility. The exchange rate of around 1.8 million rials per dollar marks a new level of pressure on the country.

The devaluation also occurs in an environment of strong impact on energy and trade. With blocked ports and restricted oil, the Iranian currency remains at the center of the economic crisis caused by the war.

With information from CNN BRASIL

Iranian currency plummets to a historic low, reaching 1.8 million per dollar and exposing economic pressure amid the war.

The fall of the Iranian currency occurs amid an unstable ceasefire with the United States and Israel, a naval blockade of Iran’s ports, restrictions on oil flow, and deteriorating economic indicators that were already pressuring the population before the conflict.

Iranian currency reaches lowest value against the dollar

Economy already facing strong deterioration

War deepens pressure on Iran

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The fall of the Iranian currency occurs amid an unstable ceasefire with the United States and Israel, a naval blockade of Iran’s ports, restrictions on oil flow, and deteriorating economic indicators that were already pressuring the population before the conflict.

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Economy already facing strong deterioration

War deepens pressure on Iran

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