# rial
Latest news and articles about rial
Total: 2 articles found
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.
Beneath the Rubble: How Iran’s Shadow Economy Keeps a Struggling Regime Afloat
Iran’s public economy has unravelled since December 2025: runaway inflation, a collapsing rial, and mass protests followed a fuel subsidy cut. But a large, opaque shadow economy—dominated by the IRGC, Bonyads and resilient shadow‑banking networks—continues to circulate funds and shield the regime’s core, making rapid collapse unlikely and prolonging chronic national decline.