Iran's currency hits new record low, as war erodes Iran's economic stability
Iran's currency, the rial, fell to a record low, exceeding 2.5 million rials for one US dollar. This decline occurred just weeks after the rial reached a previous low of 2.2 million rials to the dollar on September 2. The currency has been on a do...
By AP |
Reuters
Iran's currency fell to a new record low on Tuesday, with traders in Tehran exchanging more than 2.5 million rials to the US dollar.
The latest decline came just 27 days after the rial hit its previous record of 2.2 million to the dollar on Sept. 2. The currency has repeatedly reached new lows since the war began in February.
The latest decline came just 27 days after the rial hit its previous record of 2.2 million to the dollar on Sept. 2. The currency has repeatedly reached new lows since the war began in February.
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