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 1,043,000 per U.S. Dollar after a long holiday, indicating a potential long-term trend.
- International sanctions have severely impacted Iran's economy following U.S. President Donald Trump's withdrawal from the nuclear deal in 2018.
- Since resuming his presidency in January, Trump restarted sanctions against Tehran, further worsening the economic crisis.
- The economic strain has forced average Iranians to seek alternative forms of wealth like hard currencies and gold.
111 Articles
111 Articles
Iran threatens Middle Eastern countries over potential US strikes
Iranian official says regime has warned Iraq, Kuwait, the United Arab Emirates, Qatar, Turkey and Bahrain that there will be "severe consequences" if their airspace is used for an American attack on Iran's nuclear program.
Iranian Currency's Value Tumbles To Record Low As US 'Maximum Pressure' Bites
Iran’s national currency, the rial, tumbled to a record low against the US dollar, as US President Donald Trump's "maximum pressure" strategy against the Islamic Republic's economy continued to take its toll.
Iran’s Currency Falls To A Record Low Against The Dollar As Tensions Run High
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 only informal trading took place on the streets, creating additional pre…
Ticker: Iran’s currency falls to a record low against the dollar
Iran’s rial currency traded at a record low against the U.S. dollar as the country returned to work after a long holiday. The exchange rate had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market. But as traders resumed work Saturday, the rate fell even further to 1,043,000 to the dollar, signaling the new low…
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