Rial hits record 1,500,000 rials to the US dollar, weeks after protests prompted by currency’s falling value spready across the country.
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Iran’s currency has dropped to a record 1,500,000 rials to the US dollar, according to several Iranian currency tracking websites, weeks after protests sparked by the rial’s dwindling value rocked the country.
Exchange shops on Tuesday offered the record-low rial-to-dollar rate in Tehran, deepening the economic hardship for large swaths of the Iranian populace suffering from decades of extensive economic mismanagement and international sanctions.
