# currency collapse

Iran’s Rial Collapses to 1.31 Million per Dollar as Sanctions and Oil Shock Unleash Economic Pain

The Iranian rial has plunged to about 1.314 million per U.S. dollar in market trading, a collapse driven by loss of foreign exchange from sanctions, an oil‑dependent revenue structure, and failed attempts at exchange‑rate reform. The slump is deepening inflationary pain for ordinary Iranians, prompting central bank turnover and heightening political and humanitarian risks.