{
  "id": 11741859,
  "title": "Iranian rial at new low, as cenbank sells dollars to support currency",
  "url": "https://urgent.news/2026/10/03/iranian-rial-at-new-low-as-cenbank-sells-dollars-to-support-currency",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-03T18:32:05.000Z",
  "source": {
    "name": "Middle East Eye",
    "slug": "middle-east-eye",
    "url": "https://www.middleeasteye.net/live-blog/live-blog-update/iranian-rial-new-low-cenbank-sells-dollars-support-currency"
  },
  "original_language": "en",
  "account": "Iran's national currency, the rial, reached record lows on Saturday as the country's central bank intervened to bolster its value. The central bank announced an injection of up to $2 billion into the economy to support the rial, amid ongoing US sanctions and a naval blockade. The US dollar's exchange rate against the rial increased to approximately 2.688 million rials per dollar, up from 2.632 million rials on the previous day, according to free-market tracking websites bon-bast.com and alanchand.com. State television reported that state banks began selling up to $2 billion to stabilize the currency, which has lost over half of its value over the past year. With an inflation rate exceeding 70 percent, the economic situation has become increasingly difficult for ordinary Iranians, who struggle to afford basic necessities or rent. As the US blockade hampers the state's primary source of income – oil exports, many Iranians have turned to buying dollars, other hard currencies, or gold as a means of safeguarding their savings.",
  "summary": "Iranian rial at new low, as cenbank sells dollars to support currency Iran's rial continued its decline on Saturday, as the central bank announced an injection of up to $2 billion to support the currency while the economy faces US sanctions and a naval blockade. The US dollar was sold at around 2.688 million rials, up from 2.632 million on Friday, according to free-market tracking website…",
  "key_points": [
    "Iranian rial hits record low against US dollar",
    "Central bank injects $2 billion to stabilize currency",
    "Inflation exceeds 70%, worsening economic hardship"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}