Iran’s rial Hits Record Low of 1.2 Million per Dollar Amid Nuclear Sanctions
In December 2025, the Iranian currency, Iran’s rial, plummeted to a record low of 1.2 million rials per US dollar. The collapse reflects mounting stress on Iran’s economy as new sanctions over its nuclear program bite hard. On the unofficial or “free market” exchange platforms used by ordinary Iranians, this new rate has become the…