Iran rial under pressure as Tehran seeks dollars
The study explores how the Iranian rial has become at the core of the economic confrontation with the United States, suffering a significant decline due to American sanctions that caused its value to lose more than two-thirds of its worth against the dollar within one year. The report clarifies that these sanctions—targeting traditional financial channels and restricting trade with China—have pushed Iran to seek alternative means such as bartering, gold, and cryptocurrencies. This shift has strengthened Iran’s strategies of economic resistance and reduced dependence on the global financial system. Despite these measures, the currency crisis continues to worsen, with the rial's deterioration closely linked to escalating war and sanctions. Traditional policies have failed to restore stability amid ongoing military escalation and economic pressure. The report concludes that Iran is currently managing an ongoing monetary crisis rather than achieving monetary stability, and that the future of the rial is mainly tied to the course of the war rather than the policies of the Central Bank.
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