20.02.2026 15:03
While the Iranian rial is experiencing a historic depreciation against the dollar, a person with approximately 735 dollars can reach billionaire status in the country due to the exchange rate difference; the economic crisis is seriously weakening the purchasing power of the people.
The national currency in Iran, the rial, has lost record value against the US dollar as the economic crisis deepens. In the free market, 1 US dollar is trading at approximately 1.4–1.6 million rials, indicating a dramatic erosion of the purchasing power of the rial.
SAVINGS OF THE PEOPLE HAVE DISAPPEARED
This deep loss of value brings consequences such as the disappearance of savings among the public and increased difficulty in accessing basic needs.
ENTERING THE BILLIONAIRE CLASS WITH 735 DOLLARS
The decline of the rial to such low levels reveals a picture of economic inequality where individuals with relatively small amounts of foreign currency, like 735 dollars, can even enter the "billionaire" class. This scale of impoverishment is seen as a concrete indicator that the currency has lost its real value.
HIGH INFLATION ISSUE
Experts indicate that sanctions, internal economic management issues, and high inflation have contributed to the collapse of the rial. This situation has significantly reduced the purchasing power of the public, leading to an increase in protests and economic concerns.