Yeah, that number is real and it's brutal$BLESS $B $NEX
As of Aug 8-10, 2026:
- *$1 = 1,375,550 IRR* on the open market
- *$730 ≈ 1,004,151,500 IRR* - so just over 1 billion Rials
- It even touched *1,376,000 IRR per $1* on June 2, 2026
To put that in perspective: a year ago on Aug 20, 2025 the rate was *42,050 IRR per $1*. That's up *+3,165%* in a year.
### Why it feels so surreal
In Iran people actually talk in "Toman" for daily life. 1 Toman = 10 Rials. So that 1,375,550 IRR is about 137,555 Toman per dollar. Still wild, but it explains why prices are quoted with so many zeros.
When a billion Rials only buys you a used phone or a few months of groceries, "billionaire" stops meaning wealth and starts meaning hyperinflation. It's the same pattern we've seen in Venezuela, Zimbabwe, etc. Savings get wiped out, and people rush to hold dollars, gold, or anything else.
The official/mid-market rates you see on some sites like XE are still around *1.31M - 1.32M IRR*, but the open/free market rate is what most Iranians actually use and it's the one you quoted. 9370
It's a stark reminder that exchange rates aren't just numbers. They hit real people: wages, pensions, imports, medicine.
Want me to break down what caused the latest drop, or how this compares to other currency collapses?
As of Aug 8-10, 2026:
- *$1 = 1,375,550 IRR* on the open market
- *$730 ≈ 1,004,151,500 IRR* - so just over 1 billion Rials
- It even touched *1,376,000 IRR per $1* on June 2, 2026
To put that in perspective: a year ago on Aug 20, 2025 the rate was *42,050 IRR per $1*. That's up *+3,165%* in a year.
### Why it feels so surreal
In Iran people actually talk in "Toman" for daily life. 1 Toman = 10 Rials. So that 1,375,550 IRR is about 137,555 Toman per dollar. Still wild, but it explains why prices are quoted with so many zeros.
When a billion Rials only buys you a used phone or a few months of groceries, "billionaire" stops meaning wealth and starts meaning hyperinflation. It's the same pattern we've seen in Venezuela, Zimbabwe, etc. Savings get wiped out, and people rush to hold dollars, gold, or anything else.
The official/mid-market rates you see on some sites like XE are still around *1.31M - 1.32M IRR*, but the open/free market rate is what most Iranians actually use and it's the one you quoted. 9370
It's a stark reminder that exchange rates aren't just numbers. They hit real people: wages, pensions, imports, medicine.
Want me to break down what caused the latest drop, or how this compares to other currency collapses?