US EditionIran's Rial Hits Record Low of 1 Million Per Dollar as Economic Crisis Deepens
- Iran's rial traded at a record low of over 1 million rials per dollar amid ongoing economic pressures and rising tensions with the U.S. Government.
- Tensions with the U.S. Exacerbated the rial's decline, which has been affected by sanctions since the U.S. Withdrew from the nuclear deal in 2018.
- Iranian President Masoud Pezeshkian faced increased political pressure following the rial's fall.
- Statements from Pezeshkian indicated Iran's desire for negotiations with the U.S., emphasizing that threatening behaviors contradict the call for dialogue.
86 Articles
86 Articles
The Mercury news
Iran’s currency falls to a record low against the dollar as tensions run high
By Nasser Karimi and Jon Gambrell | Associated Press TEHRAN, Iran — Iran ’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower. The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and onl…
Under President Trump's 'Maximum Pressure' Iran's Currency Hits New All-Time Low
Iran's currency has plummeted to an unprecedented low amid escalating global tensions and renewed U.S. sanctions. Analyze the implications of this economic crisis and the political strategies behind it.
Iran’s currency falls to record low against the dollar as tensions run high
TEHRAN, Iran (AP) — Iran ’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions between Tehran and Washington likely will push it even lower. The exchange rate had plunged to…
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