Event Brief
Iranian rial hits record low above 2.2m per dollar
By The BriefBrief · Sources (2)
Filed: Sep 02, 2026 at 4:12 PM ET
Summary: Iran's rial fell to a record low of more than 2.2 million rials per US dollar, according to two websites tracking the free-market rate on Wednesday. The currency is down about 10% over the past week and has lost about half its value over the past year amid renewed US strikes.
WHO: Two websites tracking Iran's free-market exchange rate
WHAT: Iran's rial dropped to a record low of more than 2.2 million rials per US dollar in the free market.
WHEN: Sep 02, 2026
WHERE: Iran
WHY: The drop occurred amid renewed US strikes on Iran.
ℹ️ This event is analyzed using pattern arcs, velocity indicators, and source analysis in our MI Console.
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