Iranian Rial Hits Record Low as War Eroses Economy

A new record low has been reached by Iran's currency. The Iranian rial has fallen to over 2.5 million rials per US dollar, a stark reflection of how the war in the Middle East has affected the country's economy.

This decline comes just 27 days after the rial hit its previous record low of 2.2 million to the dollar on September 2.

The currency has repeatedly reached new lows since the war began in February, with traders in Tehran exchanging over 2.5 million rials for a single US dollar.