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Forex

Rial Crashes as Iran's Economy Suffers Under War Tensions

Guavy AI Editorial Team
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USD
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The Iranian rial has plummeted to new lows against the US dollar, with traders in Tehran exchanging over 2.5 million rials for one dollar.

This reflects the devastating impact of the ongoing war on the Iranian economy, which has been steadily eroded as a result of international tensions and sanctions.

In other news, UK counter-terrorism police have concluded their investigation into a suspected plot targeting a US air base used to strike Iran, finding no improvised explosive devices.

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