23 Hrs
Source:
الاقتصادية
Iranian rial hits record low amid US pressures
The Iranian rial has recorded its lowest historical value against the dollar, reaching 2.69 million rials per dollar, losing over 62% of its value since the start of the American "economic ostracization" campaign in February. U.S. sanctions, which have expanded to include technology, oil, and transportation sectors, have caused inflation to soar to approximately 90%, led to a decline in the currency's value, halted Iranian oil shipments, and worsened economic activity. This increases Iran's financial hardship and significantly impacts the prices of goods and services. Washington’s goal with this campaign is to isolate the Iranian economy from global supply chains, reduce Tehran's oil revenues, and expose Iranian financial institutions and networks to risks, threatening the regime’s economic stability.
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