Money and business
The Iranian riyal is falling to the lowest level in its history… and recession is stalking the economy
hot, today, has reached the lowest level in its history, approaching one million and 250 thousand riyals against had reached about (55) thousand against the dollar in (2018).
The price of the Iranian riyal
Reports indicated that a recent decision issued by the Iranian government allows importers to benefit from the free exchange market to import basic goods, which increased pressure on the market and raised the price of the dollar.
The Iranian economy faces the risk of recession; The World Bank expects an economic contraction of (1.7%) in (2025) and (2.8%) in (2026).
The risks are exacerbated by high inflation; The Iranian Statistical Center announced monthly inflation of 48.6% in October, the highest in 40 months.
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