Dossier
rial currency
Coverage of rial currency in the Nexus archive.
- Iran's inflation hits World War II levels, deepening economic pain
Iran's year-on-year inflation reached 77.2% in May, the highest level since World War II, driven by war-related uncertainty, economic mismanagement, and a U.S. naval blockade. The rial's value has plummeted, and rising prices for essential goods risk sparking new protests, mirroring past demonstrations linked to economic hardship.