Iran Rial Hits Record Low Against US Dollar After Sanctions Reimposed

On the black market, the rial was trading at around 1.12 million rials against the dollar, the Bonbast and AlanChand websites reported.

By Ignatius Igwe

Updated September 28, 2025

A close up shot shows Iran’s various Rial banknotes next to United States one-Dollar bills at a currency exchange office in a shopping center in the capital Tehran on April 10, 2018. (AFP PHOTO / ATTA KENARE)

The Iranian rial plummeted to a record low against he US dollar on Sunday after the reinstatement of United Nations sanctions, according to currency-tracking websites.

On the black market, the rial was trading at around 1.12 million rials against the dollar, the Bonbast and AlanChand websites reported, about a month after it had been slightly above one million rials to the greenback.

More to follow…