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Iran's rial hits another record low
Original: Iran’s rial hits another record low under economic and military pressure
Iran's currency, the rial, has fallen to another record low against the US dollar, according to Iran International. The collapse comes as the country faces combined pressure from international economic sanctions and military tensions in the region. The sliding rial drives up import costs and deepens hardship for ordinary Iranians, and analysts point to shrinking confidence in the economy as the currency continues to lose value.
Why now: The currency's continued freefall amid sanctions and military tensions is a major sign of Iran's deepening crisis.
IranIranian rialIran International
Evidence
- Iran’s rial hits another record low under economic and military pressure · Iran International
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