Iranian Toman Falls After U.S. Sanctions

The Iranian currency, the Toman, is experiencing a new collapse, having recorded today a value approaching 20.8 million tomans per one hundred US dollars. This comes amid escalating new US sanctions against Iran, which are the harshest in history and aims to force Tehran to negotiate on American terms. These collapses occur amid significant inflation plaguing the Iranian economy, and the sanctions further worsen the currency's value, linked to the deteriorating economic conditions in the country.

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