Iran's Rial Hits Record Low of Over 2.5 Million Per USD Amid War and Sanctions
According to AP, Iran's currency, the rial, weakened to a fresh record low on Tuesday, with traders exchanging more than 2.5 million rials per U.S. dollar. The currency has been falling steadily since the U.S.-Israeli assault began in February, as war weighs on the economy. This decline occurs while U.S.-Iran talks through mediators focus on reopening the Strait of Hormuz, and Washington continues efforts to increase economic pressure on Tehran.
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