Iranian Rial Crashes to New Record Low Amid Ongoing War
Iran's currency has reached a new record low, dropping to over 2.5 million rials per U.S. dollar in Tehran on Tuesday.
This decline marks the latest setback for Iran's economy, which has been plagued by instability since the war began in February.
The rial hit its previous record of 2.2 million to the dollar just 27 days prior, and this drop is a significant blow to the country's economic stability.