Iran rial weakens to 1.83 million per dollar in open market
Iran’s rial weakened to around 1.83 million per US dollar in the open market on Saturday, extending a downward trend in the currency.
The euro traded around 2.15 million rials and the pound rose above 2.49 million rials, while gold prices also surged, with the so-called Emami coin - an official Iranian gold coin minted by the central bank - reaching about 2.07 billion rials.
The currency’s decline comes amid continued strain from the war and uncertainty over talks with the United States.
A US naval blockade in the Gulf of Oman has disrupted Iran’s oil exports, cutting billions of dollars in revenue and adding to pressure on the rial, while inflation and currency volatility continue to erode purchasing power.
