Dollar Tops 2.08 Million Rials in Iran as U.S. Tightens Financial Sanctions

1 articles · Updated · Iran Focus · Aug 30

2.08 million rials per dollar marked a new record in Iran on Sunday, with state-run Donya-e Eqtesad reporting about 2.061 million rials in morning trade.
U.S. pressure drove the slide as Washington expanded efforts to cut Iran off from the dollar and the international financial system, a campaign officials have called “economic exclusion.”
Banque Misr’s UAE branches now face an immediate special inspection after the U.S. Treasury accused the bank of handling Iran-related transactions and warned it could lose access to the U.S. financial system.
Iran’s central bank said it had supplied large amounts of dollars—claiming first-phase supply was 25 times demand—but the market surge undercut that assertion.
The rial’s collapse highlights a deepening economic crisis in Iran, with U.S. officials portraying the sanctions push as a final-stage financial assault and Tehran facing worsening strain on its banking channels.