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Iranian markets: rial hits new low
Iranian economic websites reported that the rial has experienced a new record low in the parallel market, with the exchange rate for the dollar reaching approximately 2.229 million rials. This decline in the Iranian currency's value comes amid ongoing economic deterioration and financial fluctuations affecting the local market. It is not yet clear what government measures will be taken to control this crisis or to mitigate the sharp decline in the rial's value.
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