Iranian Rial Hits Record 1.81M/USD

Iranian rial fell to a record low of 1,810,000 per USD, a ~15% drop in two days, per ISNA.
Ceasefire on April 8 led the U.S. to impose a Gulf shipping blockade, curbing hard‑currency earnings from steel and petrochemical exports.
Central bank reported 65.8% year‑on‑year inflation for the month March 20‑April 20, with expectations of further acceleration.
In 2025 the rial lost about 70% of its value, sparking protests; current rates range between 1,760,000 and 1,810,000 per USD.