Iran’s currency slid to an all-time low on Sunday as inflation climbed above 45%, deepening the economic strain on ordinary households. The latest decline underscores how years of sanctions and weak fiscal room continue to pressure the country’s financial system.

With oil exports still constrained, Tehran faces fewer ways to bring in hard currency and stabilize the market. That leaves the rial exposed to further losses, while prices for imported goods and daily essentials remain under pressure.

For many Iranians, the impact is felt first at the grocery store and in housing costs, where wages have struggled to keep pace with rising prices. The currency’s latest drop adds to a wider picture of economic insecurity that has intensified under prolonged isolation and policy mismanagement.

The Reuters report said inflation has now surpassed 45%, highlighting the scale of the challenge facing the country’s economy. For civilians already dealing with high living costs, the record-low rial is another sign of mounting financial hardship.