The Iranian rial's parallel market exchange rate reached approximately 1.55 million IRR per USD on April 11, reflecting ongoing depreciation driven by hyperinflation exceeding 40%, U.S. sanctions limiting oil export revenues, and fallout from the March 2026 Strait of Hormuz closure amid regional tensions. The strait's reopening on April 8 under a two-week ceasefire with Oman-imposed transit fees has slightly eased shipping disruptions, allowing resumed petroleum flows primarily to China, but traders remain wary of escalation risks. U.S.-Iran nuclear negotiations, including potential sanctions relief discussions ahead of further talks, represent the key upcoming catalyst that could stabilize or further weaken the currency by April 30 resolution. Historical patterns show persistent rial erosion absent diplomatic breakthroughs.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$86,523 Vol.
↑ 1.8M
7%
↑ 1.7M
11%
↓ 1.5M
74%
↓ 1.4M
13%
↓ 1.3M
8%
$86,523 Vol.
↑ 1.8M
7%
↑ 1.7M
11%
↓ 1.5M
74%
↓ 1.4M
13%
↓ 1.3M
8%
This market will resolve according to the daily finalized free-market USD exchange rate as displayed on Bonbast (https://www.bonbast.com/graph/usd), which publishes prices in Iranian toman, where 1 Iranian toman equals 10 Iranian rials (IRR).
A daily figure will be considered finalized once the following day’s figure is released.
Revisions or corrections to daily figures indicating a qualifying exchange rate will be considered only if they occur before all relevant figures for this market have been finalized.
The resolution source for this market will be Bonbast (https://www.bonbast.com/graph/usd). Resolution will occur once the final exchange rate data point of the specified timeframe is finalized. If the resolution source becomes permanently unavailable, another resolution source will be chosen.
Market Opened: Mar 27, 2026, 6:59 PM ET
Resolver
0x65070BE91...This market will resolve according to the daily finalized free-market USD exchange rate as displayed on Bonbast (https://www.bonbast.com/graph/usd), which publishes prices in Iranian toman, where 1 Iranian toman equals 10 Iranian rials (IRR).
A daily figure will be considered finalized once the following day’s figure is released.
Revisions or corrections to daily figures indicating a qualifying exchange rate will be considered only if they occur before all relevant figures for this market have been finalized.
The resolution source for this market will be Bonbast (https://www.bonbast.com/graph/usd). Resolution will occur once the final exchange rate data point of the specified timeframe is finalized. If the resolution source becomes permanently unavailable, another resolution source will be chosen.
Resolver
0x65070BE91...The Iranian rial's parallel market exchange rate reached approximately 1.55 million IRR per USD on April 11, reflecting ongoing depreciation driven by hyperinflation exceeding 40%, U.S. sanctions limiting oil export revenues, and fallout from the March 2026 Strait of Hormuz closure amid regional tensions. The strait's reopening on April 8 under a two-week ceasefire with Oman-imposed transit fees has slightly eased shipping disruptions, allowing resumed petroleum flows primarily to China, but traders remain wary of escalation risks. U.S.-Iran nuclear negotiations, including potential sanctions relief discussions ahead of further talks, represent the key upcoming catalyst that could stabilize or further weaken the currency by April 30 resolution. Historical patterns show persistent rial erosion absent diplomatic breakthroughs.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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