Record-Low Rial vs USD
Iran Currency Plunges to Historic Lows Against the U.S. Dollar — Latest Developments TEHRAN — Iran’s national currency, the rial (IRR), has collapsed to unprecedented lows against the U.S. dollar (USD), deepening an already profound economic crisis and fuelling widespread social unrest across the country. According to multiple market sources, the rial is now trading at around 1.45 million to 1.47 million rials per U.S. dollarin unofficial or free-market exchanges — record levels that underscore the severity of the currency’s depreciation. Historic Depreciation and Economic Context The dramatic slide in…
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