On 20 March, Iran's currency, the rial, reached a record low of 613,500 to the US dollar during the Persian New Year holiday.

Iran's currency, the rial, hit a record low of 613,500 to the US dollar during the Persian New Year celebrations on 20 March. This coincides with the two-week holiday period (20 March - 2 April) when many Iranians travel abroad, increasing demand for US dollars and Euros. The reduced availability of exchange shops during this time has contributed to the perceived low prices.