24 Hrs
Source:
بوابة الفجر
Iranian rial falls as dollar exceeds two million
The Iranian rial continues to collapse against the dollar, with its exchange rate surpassing 2.04 million rials in the unofficial market in Tehran, marking an all-time low. The currency's decline is leading to a decrease in oil exports, with oil exports effectively halted according to the Central Bank Governor, due to intensified US sanctions aimed at cutting Iran's sources of funding. This downturn raises concerns about a new wave of protests and widespread economic decline, amid increasing external pressures and falling oil revenues.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)