Rial Tumbles to New Record Low Amid Ongoing War
Iran's currency has hit a new record low, as ongoing war erodes its economic stability. Traders in Tehran exchanged over 2.5 million rials for the US dollar on Tuesday, marking a decline just 27 days after it previously reached 2.2 million rials to the dollar on September 2.
The Iranian currency has repeatedly hit new lows since the war began in February, causing significant economic instability in the country.