Iranian rial today: open market rate
The open market (bazar e azad) rial passed 2 million per dollar in August 2026, a record low.
Subsidised preferential exchange rates were rolled back in January 2026, and a redenomination that removes four zeros is under way, with the old rial due to be phased out by 2030. This page is reviewed weekly from market reports.
What drives the gap
- International sanctions that restrict oil and banking flows.
- High inflation.
- Multiple official exchange windows.
How we measure it
Regime: …
Local name: …
Rates are indicative and come from public sources. They are not quotes we can execute and they are not investment advice. Services are not available to persons subject to Swiss, EU, UK or US sanctions.