Foreign currency prices in Iran experienced a sudden surge, with the U.S. dollar rising by 50,000 rials compared to the last day of the Iranian year 1403 (March 21, 2025), surpassing the one-million-rial threshold.
According to Iranian exchange rate websites, on Tuesday, March 25, the U.S. dollar reached 1,035,000 rials, setting a new record in the history of the rial’s depreciation.
Since Masoud Pezeshkian took office in August last year, the Iranian rial has lost more than half its value. In late August, the U.S. dollar was around 580,000 rials.
USD Surpasses 940,000 Iranian Rials as Inflation Accelerates
The euro, the official currency of the European Union, also increased to approximately 1,190,000 rials, while the British pound was traded at 1,340,000 rials.
The rise in foreign currency prices occurred amid numerous reports in recent weeks about the potential for new negotiations between Iran’s regime and the United States to reach a fresh agreement on Iran’s nuclear program.
While the maximum pressure policy of Donald Trump’s second administration against Iran’s regime continues, the U.S. president has sent a letter to Ali Khamenei, the Supreme Leader of the Iranian regime, which, according to Iranian officials, contains “opportunities and threats.”
The rise in the U.S. dollar’s value in Iran’s open market may indicate skepticism about the likelihood of renewed negotiations between Tehran and Washington and the lifting of sanctions, although both Iran’s regime and the U.S. claim to be in indirect contact through various channels.
The Iranian regime’s Foreign Minister stated that Donald Trump’s letter is under review and will be responded to soon.
