The Iranian rial has continued to weaken amid economic pressure and nationwide unrest. As of January 12, 2026, the black market exchange rate hovered around 1.43 million rials per US dollar, with some quotes nearing 1.46 million. Official rates remain fixed near 42,000 but are largely disconnected from real market activity.

The currency collapse has intensified public anger over inflation, rising living costs, and years of sanctions. Protests that began with economic strikes in Tehran have spread nationwide and evolved into broader political opposition, while authorities have responded with arrests and internet shutdowns.

Attention is now on how Iran's government manages the unrest and whether external pressure increases. Currency movements, protest intensity, and international reactions will shape the next phase of the crisis.

Follow @ChessOfCrypto for more smart crypto news. less