BREAKING NEWS ⚠️

Iran's economy is facing severe instability as the national currency continues to collapse. The exchange rate has deteriorated to the point where one US dollar now buys roughly 6,677,500 Iranian rials, illustrating how dramatically the rial has lost value over time. Such an extreme devaluation signals a deep loss of confidence in the currency and reflects prolonged economic stress.

For ordinary people, this collapse translates directly into shrinking purchasing power. Prices of everyday goods, food, medicine, and housing rise rapidly as the currency weakens, while wages fail to keep pace. Savings held in rials lose value quickly, pushing more families into financial insecurity and making long-term planning nearly impossible.

The currency crisis is also intensifying inflationary pressures across the country. As imports become more expensive and businesses struggle with higher costs, inflation feeds on itself, further eroding living standards. These conditions place particular strain on low- and middle-income households, who spend a larger share of their income on basic necessities.

Social consequences are becoming increasingly visible. Economic hardship has fueled public frustration, contributing to protests and growing unrest in different parts of the country.

For many Iranians, the collapse of the rial is not an abstract financial metric but a daily reality that affects access to food, healthcare, employment, and personal security.

Overall, the exchange rate reflects more than a currency problem. It highlights a broader economic crisis marked by inflation, declining real incomes, and mounting social pressure, leaving much of the population struggling to cope with the rapid loss of economic stability.