[Iranian Currency Hits Record Low, 1 USD Equals 2.03 Million Rial] BlockBeats News, August 24, according to foreign media reports, the Iranian rial has fallen to a historic low against the US dollar. Previously, the United States stated it would impose unprecedented economic pressure on Iran. According to exchange rate tracking website Bonbast, on Monday, the unofficial market exchange rate of the rial against the dollar dropped to 2.039 million. Amid efforts by the US to further isolate Iran, the rial remains under sustained pressure. The US is threatening Iran's few remaining trade partners, blocking its key Persian Gulf ports, and curbing oil exports to sever Iran's economic channels. Iran's leading financial newspaper, *World Economy*, stated that the depreciation of the rial is driven by multiple factors, including obstacles to foreign exchange transfers, declining exports, increased import demand, and rising inflation expectations.