Forex
Iranian Economy Suffers Amid Ongoing Conflict with US
The ongoing conflict between Iran and the US has taken a heavy toll on the Iranian economy, pushing inflation to alarming levels.
According to Al Jazeera, many Iranians are struggling with the economic impact of the war, which has exacerbated existing economic conditions.
Inflation in Iran reached 87.9% by mid-August, with food prices soaring to a staggering 105% inflation rate.
The exchange rate has also deteriorated, with the US dollar valued at approximately 1.88 million rials on parallel markets in Tehran.