Iranian Rial Plummets to Record Low of 1.5 Million per Dollar Amid Banking Collapse and Violent Crackdowns

The Iranian Rial has hit a staggering all-time low of 1.5 million per USD, as the nation’s economy spirals out of control following weeks of deadly protests. This historic depreciation is exacerbated by a "banking blockade" as Asian financial institutions in China and India halt transactions with Iranian accounts. The crisis is further fueled by U.S. measures cutting off dollar flows from Iraq and a sharp decline in oil revenues.

Iran’s GDP has shrunk by nearly $200 billion in just two years, reflecting a systemic failure where local banks are crippled by government debt. With a death toll exceeding 6,000 and an unprecedented 18-day internet blackout, the economic misery has become the primary driver of political instability, leaving the regime struggling to contain both a currency in freefall and a population at a breaking point.