Rial In Freefall: Iran Faces Currency Chaos As It Hits Record Low Amid US Sanctions
05 Apr 2025
Iran's domestic currency, the rial, dropped to an all-time low on Saturday at 1,043,000 against the US dollar after the Persian New Year holidays. The latest devaluation is consistent with rising economic uncertainty following increased tensions with the United States and internal unrest. During the Nowruz celebration, restricted trade and...
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