Iran’s currency has dropped to a fresh record low against the US dollar, underscoring the country’s deepening economic strain. The latest slide in the rial comes as inflation has climbed above 40%, adding more pressure to households already coping with high prices and shrinking purchasing power.

According to the latest figures released by Iran’s central bank, the currency’s decline has been driven in part by sanctions and weaker oil exports. Those pressures have limited access to foreign currency and made it harder for the economy to stabilize, even as officials continue to warn about persistent price increases.

For ordinary Iranians, the consequences are immediate: imported goods become more expensive, basic expenses rise, and savings lose value faster. The currency crisis has also intensified public frustration over the government’s inability to rein in inflation or protect living standards.

The new low in the rial adds to a long-running economic crisis that has weighed heavily on Iranian civilians. With no quick relief in sight, the combination of sanctions, reduced export revenue, and entrenched inflation is likely to keep households under severe financial stress.