Iran’s currency drops to a record low

A man walks past a currency exchange shop in the Grand Bazaar in Tehran on March 3, 2025. (Atta KENARE / AFP)
A man walks past a currency exchange shop in the Grand Bazaar in Tehran on March 3, 2025. (Atta KENARE / AFP)

Iran’s currency drops to a record low of 1,039,000 rial to the US dollar today, according to Iranian currency tracking website Bonbast.com, losing more than half its value since President Masoud Pezeshkian took office in August.

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