Iran's Tumen hits record low of 200,000 per dollar in free market

August 23, 2026 at 05:55 PM1 min

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Iran's national currency, the tumen, fell to a record low of 200,000 per US dollar on the free market, according to data from pashizi.com. The sharp depreciation coincides with annual inflation of 61.4% and food price inflation of 128.1% amid heavy US sanctions.

Key Facts

The free-market dollar rate reached 200,000 tumen, the lowest level in the currency's history.
Annual inflation in Iran stands at 61.4%.
Food prices rose 128.1% year-on-year.
The depreciation occurred amid heavy US sanctions on Iran.

Currency Collapse

The free-market dollar rate reached 200,000 tumen, according to pashizi.com, a website monitoring the free currency market. This marks the lowest level in the tumen's history against the dollar. The sharp depreciation coincided with annual inflation of 61.4% in Iran. Food prices rose 128.1% year-on-year, according to official data.

Sanctions Pressure

Iran is struggling with heavy US sanctions. The sanctions have contributed to the currency's decline and high inflation.