Economy
Iranian rial
The Iranian rial is Iran's official currency, which has sharply depreciated due to sanctions and economic pressures. Its decline raises prices and reduces purchasing power.
The Iranian rial is Iran's official currency. It has faced repeated crises due to international sanctions, falling oil revenues, and economic mismanagement. Iran's central bank implements policies to control the exchange rate, but the parallel market plays a major role. Currency depreciation affects inflation and citizens' purchasing power.
Written by AI and not yet reviewed by an editor.