The Iranian rial has strengthened against major global currencies, with the US dollar falling 5.86% to 996,000 rials following US President Donald Trump's announcement of direct talks with Iran.

The rial’s stronger value in 2015 during Iran’s nuclear deal, when it traded at 32,000 to the dollar, contrasts sharply with today’s conditions.

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Iran’s parliament on Sunday impeached the country’s finance minister and voted to remove him from office amid growing concerns over the crashing rial and accusations of mismanagement.

Iran's rial currency sank to a record low against the U.S. dollar on Saturday despite central bank measures aimed at cooling demand for foreign currency from savers worried about inflation and the ...

The rial traded at 703,000 to the dollar on November 5, the date of the 2024 U.S. presidential election. It now trades at 777,000 to the dollar, a loss of about 10 percent.

Iran's troubled currency broke below the psychologically key level of 500,000 rial per U.S. dollar on Monday, as market participants saw no end in sight to sanctions.

The rial plunged to 892,500 to the dollar on the unofficial market on Saturday, compared with 869,500 rials on Friday, according to the foreign exchange website alanchand.com.

The rial has lost more than 40% against the dollar since August 2021, when ultraconservative cleric Ebrahim Raisi, who had pledged to rein in a turbulent currency market, ...

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Iran's currency, the rial, plummeted on Monday to a new all-time low of more than 500,000 against the US dollar. Menu icon A vertical stack of three evenly spaced horizontal lines.

In 2015, during Iran's nuclear deal with world powers, the rial was at 32,000 to $1. On 30 July, the day that Iran's reformist President Masoud Pezeshkian was sworn in and began his term, the rate ...