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Iranian currency deteriorates.. $100 records 23 million tomans in markets
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Iranian currency deteriorates.. $100 records 23 million tomans in markets

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Sep 12, 2026 1 min read
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mniraq - The Iranian currency's exchange rate recorded, on Saturday (September 12, 2026), a new record decline against the US dollar in local and parallel markets.

According to Iranian exchange and trade indicators, the Iranian toman witnessed a sharp decline, exceeding the barrier of 23 million tomans per $100, amid continued economic pressures and fluctuating parallel market activity.

It is noteworthy that the Iranian toman continues to record a steady decline and successive waves of depreciation in its purchasing value against foreign currencies, amid ongoing US blockade and sanctions that have disrupted foreign trade and exacerbated inflation rates in the country.