Iranian rial drops to 2.2M vs dollar
The Iranian rial has fallen to a record low, with its exchange rate surpassing 2.2 million rials per dollar, marking a nearly 10% loss over the past week and approximately half its value for the year. This decline occurs amid a severe economic crisis and the failure to restrict American and Israeli sanctions that began in February, reflecting the impact of ongoing military tensions on the value of the Iranian currency.
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