The Iranian rial has dropped to its lowest value ever compared to the US dollar. According to currency tracking websites, one dollar is now equal to about 1.80 million rials in the black market. Before the war started at the end of February, one dollar was around 1.70 million rials. This means the rial has lost more value in a short time. Iran has official exchange rates set by the government, but many people follow black market rates to understand the real situation. The falling rial shows that Iran’s economy is under stress due to ongoing conflict and uncertainty.