Arab Press

بالشعب و للشعب
Friday, Aug 01, 2025

Iranian currency slides to new low amid unrest, isolation

Iranian currency slides to new low amid unrest, isolation

Iran's troubled currency fell to a new low against the U.S. dollar on Saturday amid continued unrest and the country's increasing isolation in the face of Western criticism of its security crackdown and ties to Russia.
The dollar was selling for as much as 370,200 rials on the unofficial market on Saturday, up from 367,300 on Friday, according to the foreign exchange site Bonbast.com.

The rial has lost 13.8% of its value since nationwide protests erupted after the death in police custody of a 22-year-old Kurdish Iranian woman, Mahsa Amini, on Sept. 16.

The unrest poses one of the biggest challenges to theocratic rule in Iran since the 1979 Islamic Revolution.

The economic Ecoiran website said traders saw little hope for the revival of Iran's nuclear deal with world powers and saw Western pressure increasing over Tehran's crackdown against the protests and its military ties with Russia.

These include the alleged sales of drones used by Russia in the war in Ukraine, which Tehran and Moscow have denied.

"Some (traders) say current international conditions are such that the chances of reviving the nuclear deal are low, and this has caused cautious buyers to enter the dollar market," Ecoiran said. "The price of this currency is on an upward path."

"From the point of view of some (traders), this news (of U.S. and Western pressure on Iran) can attract the attention of currency speculators," Ecoiran said, adding that the central bank may still be able to support the rial.

The United States announced new military aid for Ukraine on Friday and vowed to disrupt Russian ties with Iran, while Canada imposed fresh sanctions on Russia and Iran over alleged human rights violations, and Australia said on Saturday it would place targeted sanctions on Russia and Iran.

Germany on Friday condemned the first execution of a protester in Iran, while Britain announced sanctions on persons including officials from Russia and Iran it deemed responsible for human rights abuses or corruption.
Newsletter

Related Articles

Arab Press
0:00
0:00
Close
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
President Trump Diagnosed with Chronic Venous Insufficiency After Leg Swelling
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
AI Raises Alarms Over Long-Term Job Security
Russia Formally Recognizes Taliban Government in Afghanistan
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Mediators Edge Closer to Israel-Hamas Ceasefire Agreement
Germany Seeks Taliban Deal to Deport Afghan Migrants
Emirates Airline Expands Market Share with New $20 Million Campaign
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
Qatar Airways Clears Backlog of Passengers Following Missile Threats
Iran's Parliament Votes to Suspend Cooperation with Nuclear Watchdog
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Oman Set to Introduce Personal Income Tax, First in Gulf
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
We have new information and breaking details to share about what is shaping up to be a historic air campaign tonight
Six Massive Bombs Dropped on Fordow; Trump: 'A Historic Moment for the U.S., Israel, and the World'
Fordow: Deeply Buried Iranian Enrichment Site in U.S.–Israel Crosshairs
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Pakistan to nominate Trump for Nobel Peace Prize.
Israel Confirms Assassination of Quds Force Commander in Tehran
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
G7 Leaders Fail to Reach Consensus on Key Global Issues
Mass exodus in Tehran as millions try to flee following Trump’s evacuation order
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
×