# Iranian Rial Falls to Record Low of 2.229 Million per US Dollar on Parallel Market

*Sunday, September 6, 2026 at 8:05 AM UTC — Hamer Intelligence Services Desk*

**Published**: 2026-09-06T08:05:11.780Z (2h ago)
**Category**: markets | **Region**: Middle East
**Importance**: 8/10
**Sources**: OSINT
**Permalink**: https://hamerintel.com/data/articles/17041.md
**Source**: https://hamerintel.com/summaries

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**Deck**: Iran’s currency has sunk to a new record low of 2.229 million rials to the US dollar on the parallel market, pointing to deep pressure on households and businesses that rely on informal exchange rates rather than the tightly managed official rate.

Iran’s rial has hit a new record low on the country’s parallel market, trading at about 2.229 million to the US dollar on 6 September. The rate, shared by market trackers, signals fresh stress for Iranians who depend on informal exchanges rather than the government’s tightly managed official rate.

While the official exchange rate remains under state control, many importers, traders and families with cross‑border expenses say the parallel rate is what determines real costs. A dollar costing more than 2.2 million rials makes any imported good – from food and fuel to medicines and spare parts – more expensive in local terms.

Households paid in rials see their purchasing power shrink as the currency weakens. Savings held in cash or local‑currency bank deposits lose value with each new drop in the exchange rate, narrowing options for people who need to pay for education, medical treatment or support for relatives abroad.

Businesses that rely on foreign inputs face rising costs and harder choices. Many must either raise prices, cut production or search for alternative supplies, with smaller firms that lack access to official currency channels particularly exposed to swings in the parallel market.

The growing gap between the government‑managed rate and the informal market rate also raises broader questions about how long existing policies can contain pressure on the currency. Moves such as tighter capital controls or new enforcement measures against informal traders would signal how authorities plan to respond to the latest record low.