Iran’s rial has reached a record low beyond 2.2 million per U.S. dollar in the free market, a threshold previously described as implausible, after losing roughly 60% of its value since March. The decline has driven the euro to 2.55 million rials, the pound to 2,976,000 rials and the UAE dirham above 600,000 rials, while gold and the Imami coin also reached records. A dual-rate system leaves the free-market exchange rate more than double the official Central Bank rate, and Central Bank Governor Abdolnaser Hemmati has offered a $2 billion foreign-exchange injection as sanctions, conflict, a naval blockade and the UAE’s trade suspension weigh on the economy.