Recent US sanctions intensification, including a naval blockade and threats of secondary measures targeting Iran's trade partners, has accelerated the rial's depreciation amid halted oil exports and restricted access to foreign currency reserves. As of August 24, free-market rates reached record lows near 2.02–2.04 million IRR per USD, reflecting a sharp decline over recent weeks driven by supply shortages and economic contraction forecasts. Mediation efforts by Pakistan and Oman continue alongside stalled talks, while Iran's threats to further limit Gulf oil flows add volatility. With the August 31 deadline days away, ongoing enforcement of US economic pressure and any new announcements from Treasury Secretary Bessent remain the dominant near-term catalysts for further moves in the exchange rate.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated↑ 2.1M
59%
↑ 2.0M
99%
↓ 1.8M
22%
↓ 1.7M
11%
↓ 1.6M
10%
$5,622 Vol.
↑ 2.1M
59%
↑ 2.0M
99%
↓ 1.8M
22%
↓ 1.7M
11%
↓ 1.6M
10%
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: Jul 29, 2026, 4:02 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...Recent US sanctions intensification, including a naval blockade and threats of secondary measures targeting Iran's trade partners, has accelerated the rial's depreciation amid halted oil exports and restricted access to foreign currency reserves. As of August 24, free-market rates reached record lows near 2.02–2.04 million IRR per USD, reflecting a sharp decline over recent weeks driven by supply shortages and economic contraction forecasts. Mediation efforts by Pakistan and Oman continue alongside stalled talks, while Iran's threats to further limit Gulf oil flows add volatility. With the August 31 deadline days away, ongoing enforcement of US economic pressure and any new announcements from Treasury Secretary Bessent remain the dominant near-term catalysts for further moves in the exchange rate.
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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