Iran's rial depreciates beyond 1 million IRR/USD by November 2027

The Iranian rial has weakened from ~600,000 IRR/USD in early 2025 to ~850,000 IRR/USD by May 2025. With inflation persisting and limited forex reserves, the currency is likely to breach 1 million IRR/USD by November 2025.

Implied probability (Yes)

80%

Closes

2027-12-31