The Iranian rial depreciated to record lows against the USD in late April 2026, surpassing 1.8 million rials per dollar on black markets amid a US naval blockade of key ports and intensified Treasury sanctions targeting shadow banking networks and oil exports through the Strait of Hormuz. This followed a March conflict with the US and Israel, whose shaky ceasefire prompted a rush for hard currency, fueling inflation above 50% and economic contraction estimated at 6%. Official rates remained around 1.3 million, but traders focused on free-market benchmarks like Bonbast.com for resolution on April 30. Ongoing US sanctions designations and ceasefire talks pose risks for further volatility.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$185,454 Vol.
↑ 1.8M
No
↑ 1.7M
Yes
↑ 1.6M
Yes
↑ 1.6M
Yes
↓ 1.5M
No
↓ 1.4M
No
↓ 1.3M
No
$185,454 Vol.
↑ 1.8M
No
↑ 1.7M
Yes
↑ 1.6M
Yes
↑ 1.6M
Yes
↓ 1.5M
No
↓ 1.4M
No
↓ 1.3M
No
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...Outcome proposed: No
No dispute
Final outcome: No
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...Outcome proposed: No
No dispute
Final outcome: No
The Iranian rial depreciated to record lows against the USD in late April 2026, surpassing 1.8 million rials per dollar on black markets amid a US naval blockade of key ports and intensified Treasury sanctions targeting shadow banking networks and oil exports through the Strait of Hormuz. This followed a March conflict with the US and Israel, whose shaky ceasefire prompted a rush for hard currency, fueling inflation above 50% and economic contraction estimated at 6%. Official rates remained around 1.3 million, but traders focused on free-market benchmarks like Bonbast.com for resolution on April 30. Ongoing US sanctions designations and ceasefire talks pose risks for further volatility.
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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