The Iranian rial has collapsed to a historic low amid Trump sanctions.

From now on, the value of the US dollar in Iran is more than 1,000,000 rials. This situation has arisen due to panic among people in the market due to the sanctions imposed by the US. US President Donald Trump, sending a letter to the Supreme Leader of Iran, warned of possible military intervention if Iran does not abandon its nuclear program. However, the Iranian leadership rejected the offer for negotiations and stated that it is ready for any circumstances. This led to the Iranian rial's value dropping to a very low level.

In Iran, people buy dollars, other foreign currencies, or gold to preserve their savings as they are losing faith in the Iranian currency. Inflation in the country is worsening, which is also contributing to the decline in the rial's value. In 2018, one dollar cost about 55,000 rials, but with the emergence of US sanctions, the value of the Iranian currency sharply decreased.