UP

Iranian rial falls to record low amid US sanctions threat

Home page World
12 Punto 14 Punto 16 Punto 18 Punto
Iranian rial falls to record low amid US sanctions threat

Iran’s rial has fallen to a record low of more than 2 million to the US dollar on the open market, according to currency-tracking websites, as the United States prepares new sanctions against Tehran.

Axar.az reports, citing CNN, that the rial’s decline comes amid a worsening economic crisis, with the International Monetary Fund expecting Iran’s economy to contract by more than 5% this year and food inflation exceeding 100%.

The rial’s devaluation is expected to make imports more expensive while making Iranian exports cheaper.

Date
2026.08.24 / 19:15
Author
Yusif Güney
See also

Russia, Ukraine hold 10 for 10 prisoner swap

Ukrainian military losses updated on 1,643rd day of war

Burnham: Ukraine deserves Europe’s gratitude and respect

Iran denies invitation to Mecca Joint Defence Agreement

Tokayev makes a number of key appointments

Russia captured Pershe Travnya, Kucherov Yar, Dolinka

Trump, Munir discuss Iran ahead of Tehran visit

Peskov says Armenia is free to leave CSTO

Witkoff and Kushner's visit to Ukraine postponed

Pashinyan urges Russia to sell Armenian railway rights

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla