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Iran's Rial Hits Record Low of 1.95 Million per Dollar as US Pressure Mounts

Iran's rial crashed to a record 1.95 million per dollar as U.S. pressure and a failing ceasefire deepen a crisis marked by 68.9% projected inflation.

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Iran's rial crashed to a record 1.95 million per dollar as U.S. pressure and a failing ceasefire deepen a crisis marked by 68.9% projected inflation.

The euro also pushed higher, trading at 2.22 million rials, up 36,000 rials, or 1.64%, from Friday's unofficial close.