✉news BusinessBanking first seen 17 h ago, last 8 h ago, peak #9
Iranian rial hits new record low against dollar
Original: Iranian rial at new record low, just days after previous nadir
Iran's currency has fallen to a fresh record low against the US dollar, just days after hitting its previous nadir. The rapid back-to-back declines underline mounting pressure on the rial, reflecting concerns over inflation, sanctions and the weakening economy, and are drawing attention to the worsening financial situation for ordinary Iranians.
Why now: The currency's accelerated slide signals deepening economic crisis in Iran.
Evidence
- Iranian rial at new record low, just days after previous nadir · The Times of Israel
- Iranian rial at new record low, just days after previous nadir · The Times of Israel
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