Rial devaluation

It’s the economy: grim livelihoods explain Iranian anger

The fate of the Iranian economy is increasingly shaping debates about the country’s future—one that may prove decisive regardless of how its current political struggles unfold. Public frustration over rising living costs has once again spilled into protests across the country, shining a harsh light on how state resources are allocated and managed. As demonstrations […]

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The Year in Review: Iran’s Deepening Economic Crisis

Iran experienced one of its worst economic and energy crises in 2025. Negative economic growth coincided with 49 percent inflation, shortages and rationing of energy and water, a collapse in the value of the national currency, an unprecedented government budget deficit, extreme urban air pollution, and a twelve-day war with Israel that inflicted heavy damage on Iran’s nuclear program—along with

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Detailed view of Iranian rial banknotes held in hand, illustrating finance and economy in Iran.

Iran’s currency collapse accelerates as inflation surges

The Iranian rial has resumed falling at an increasingly rapid pace in recent days, with new record lows set almost daily. The Iranian currency has lost 20 percent of its value in just one month, with the U.S. dollar now trading at around 1.32 million. During this same period, the official data and domestic media

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Detailed view of Iranian rial banknotes held in hand, illustrating finance and economy in Iran.

Iran’s runaway inflation empties tables, pushes children out of school

Dalga Khatinoglu Oil, gas and Iran economic analyst A new report by Iran’s Statistical Center (ISC) reveals a sharp acceleration in food inflation, hitting millions of families where it hurts most. According to the report, food prices in September rose by nearly two-thirds compared to the same month last year, with the cost of grains,

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