Iran's Rial Hits Record Low at 2.542 Million Per Dollar

Iran's currency has hit a record low against the US dollar in the free market, reaching 2.542 million rials per dollar on Tuesday.

The exchange rate, tracked by Pashizi, increased by 3.84% from the previous day and reached an intraday high of 2.548 million rials.

This latest decline is part of a series of record lows for Iran's currency, which has been weakened by heavy US sanctions, high inflation, and economic pressure linked to the conflict and blockade.