9 Hrs
Source:
Sky News
Iranian currency hits new low
The Iranian currency has plummeted to its all-time lowest level, with the US dollar exceeding 2.5 million rials in Tehran's market. This decline is due to the ongoing impact of the war in the Middle East on Iran's economic stability. The drop has been accompanied by new sanctions targeting networks of Iran's allies, leading to a rapid deterioration in the rial's value since the war began in February. The currency's last record high was 2.2 million rials per dollar, reached 27 days ago in September. The downward wave continues due to geopolitical tensions and escalating economic crises.
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