Iran's currency rial hits record low as US plans more sanctions
Iran's currency has plummeted to a staggering 2.02 million rials against the US dollar, reflecting deepening economic strain as Washington gears up for more sanctions.
The rial's decline is fueled by persistent sanctions and a naval blockade, exacerbated by double-digit inflation and negative growth.
The ongoing conflict, now nearing six months, has further devastated an already fragile economy.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
