Iran's Rial Plunges to Record Low Amid Economic Crisis

The Iranian rial has hit an all-time low of 2.02 million to one US dollar, causing widespread panic among citizens who are rushing to exchange their currency for cash before it falls further.

The plummeting value of the rial is largely due to years of Western sanctions and high inflation, which have been exacerbated by the ongoing war with the United States.

Citizens in Tehran are sprinting to exchange markets to get US bills, with many expressing despair at their country's economic situation. 'There is no hope for a deal and peace,' said 73-year-old Sadegh Mahmoudi, who was waiting at an exchange line.