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Iran’s rial currency hits new record lowas U.S. prepares to announce more sanctions

The rial dropped to 2.02 million to the U.S. dollar as trading opened on currency markets. Iran's official Central Bank rate stood at around 1.5 million rial to the dollar, but the market rate is what most Iranians pay

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The Hindu24 Aug 2026, 12:27 pmUpdated 19h ago1 min readWorldWorld
Iran’s rial currency hits new record low as U.S. prepares to announce more sanctions

WorldThe Hindu

The rial dropped to 2.02 million to the U.S. dollar as trading opened on currency markets. Iran's official Central Bank rate stood at around 1.5 million rial to the dollar, but the market rate is what most Iranians pay

This report is published with credit to The Hindu. The wire sent a summary; open the original for any extra context. Read on The Hindu

Source: The Hindu. Published 24 Aug 2026, 12:27 pm.

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