As of February 19, one US dollar has exceeded 1.63 million rials.
According to The Economic Times, data from the Alanchand and Bonbast platforms shows the dollar rate in Tehran is valued in the range of 1,637,000 – 1,646,500 rials. This is considered a record low for the rial.
At the same time, the official rate set by the Central Bank of Iran is significantly lower — approximately 1.28–1.29 million rials. This indicates a large gap between the official and free market rates.
Experts emphasize that inflation has reached 50–60 percent annually. As a result, the prices of food, fuel, medicine, and imported goods have risen sharply, while the population's purchasing power has noticeably decreased.
Analysts link the situation to sanctions, problems in economic management, and political tensions. It is noted that the devaluation of the rial has accelerated in recent months.
