Iran's Rial Plummets to 1.42M, Inflation Hits 42.2%
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 03 2026- Currency Collapse: Iran's rial fell to 1.42 million per U.S. dollar this week before slightly recovering to 1.38 million, erasing household savings and driving up prices of essential goods, which exacerbates economic pressure on families.
- Surging Inflation: As of December, Iran's inflation rate reached 42.2%, with food prices soaring by 72% and health costs rising by 50%, intensifying public fears of hyperinflation and increasing frustration among citizens.
- Escalating Protests: Economic anger has led to widespread protests in Tehran and other major cities, with shopkeepers closing stores to demand government action on economic issues, despite authorities disputing the timelines of protest footage and deploying tear gas in some areas.
- Leadership Changes: The economic crisis prompted the resignation of central bank governor Mohammad Reza Farzin, reflecting growing criticism over currency management and inflation control, while renewed UN sanctions in 2025 further restricted access to global markets and intensified capital flight pressures.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
