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Iranian currency hits historic low
The Iranian currency has fallen to a record low against the dollar, with its price in the free market reaching 272,300 rials, marking a 1.3% increase from the previous day. This comes amid Washington's escalation of economic pressures through restrictions on Iranian oil exports and a maritime blockade, aimed at reducing the Iranian regime's revenue. Iranian authorities continue efforts to implement programs to contain the currency's deterioration and inflation, including offering discounted dollar rates through local banks, despite internal criticisms of their effectiveness. These developments occur amid increasing American pressures, which explicitly target Iran's oil revenue as part of a strategy to further isolate the regime economically.
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