Breaking news Iranian riyal collips :
The Iranian rial has collapsed to historic lows, trading at around 1.63 million rials per US dollar in the free market (as of February 2026)—a staggering depreciation fueled by intensified sanctions, plunging oil revenues, capital flight, and geopolitical tensions.
This dramatic fall (losing over 50% of its value in recent months from levels around 800,000) has unleashed hyperinflation (often 40-60%+ annually), eroding purchasing power and making basics like food, medicine, and fuel unaffordable for millions. Wages lag far behind surging prices, pushing poverty rates higher, devastating households, and sparking widespread protests from bazaar merchants to urban workers.
The regime faces mounting pressure: capital flight accelerates, domestic borrowing soars, and economic mismanagement deepens the crisis—turning nominal "billionaires" (with just ~$735 USD) into symbols of hollow wealth amid real hardship.
In short: The rial's collapse isn't just monetary—it's fueling social unrest, eroding regime legitimacy, and threatening broader stability in an already sanctioned economy.