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Mmastodon BusinessEconomy first seen 5 h ago, last 1 h ago, peak #5

Iranian rial sinks to new all-time low

Original: 🟢 Economy | 5/10 🇮🇷 Iranian rial falls to new low The Iranian rial has fallen to a new all-time low, trading at around 2

The Iranian rial has dropped to a record low against the US dollar, trading at roughly 2.44 million rials per dollar. The fall marks a new all-time low for Iran's currency, underscoring mounting pressure on the country's economy, which continues to grapple with inflation and sanctions.

Why now: The currency's unprecedented collapse is a fresh signal of Iran's deepening economic crisis.

Iranian rialIran

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Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h ago.

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