Iran’s rial fell to another record low on Friday, underscoring the pressure on households already strained by inflation and a worsening economic outlook. On the open market, the currency traded above 620,000 to the US dollar as sanctions continued to limit access to foreign currency and weigh on trade.

The latest drop comes as Iran’s oil exports remain subdued, reducing one of the government’s key sources of hard currency. With fewer dollars flowing into the economy, the rial has come under renewed stress, adding to the cost of imported goods and deepening financial uncertainty for ordinary Iranians.

The currency slide is the latest sign of an economy under severe strain. For many families, a weaker rial means higher prices for essentials, from food to medicine, while wages lag behind the rising cost of living.

Analysts say the outlook remains fragile as sanctions enforcement and oil market conditions continue to limit relief. Unless export revenues improve or restrictions ease, the rial is likely to remain vulnerable to further losses.