Iran’s national currency, the rial, has hit rock bottom against major foreign currencies, pushing the country into a whirlpool of economic distress amid the ongoing nationwide protests.
On Iran’s open market,
one US dollar can buy around 1,429,500 rials, while one euro can trade for around 1,668,500 rials, according to the live rates tracked by Bonbast.com.
Moreover, one Indian rupee can buy around 12,600 rials. The figures are synonymous to the fact that Iran has been plunged into a deeper economic crisis, with its citizens struggling to afford basic needs.
The crisis boiled over in late December 2025, when the rial’s sharp drop made imported essentials far more expensive, prompting traders and shopkeepers to descend to the streets and protest against the Iranian regime.
However, what began as a demonstration over economic distress later snowballed into a massive nationwide protest against the regime led by Iranian Supreme Leader Ayatollah Ali Khamenei.
25 per cent tariff against Iran’s trading allies
US President Donald Trump, earlier in the day, announced a steep 25 per cent tariff against the trade partners of Iran “on any and all business”.
“Effective immediately, any Country doing business with the Islamic Republic of Iran will pay a Tariff of 25% on any and all business being done with the United States of America. This Order is final and conclusive. Thank you for your attention to this matter!”
The warnings come amid the heightened tensions in the geopolitical landscape, with the ongoing protests in Iran and the repeated warnings by the US.
Khamenei warns US
Iran’s Supreme Leader Khamenei has warned the US politicians against what he termed as their “deceitful actions”.
“The great Iranian nation has asserted its resolve and identity in the face of the enemies. This was a warning to US politicians that they should halt their deceitful actions and stop relying on their traitorous hirelings,” Khamenei said in a post on ‘X’.
