Irans rial currency hits new record low as US prepares to announce more sanctions
DUBAI, United Arab Emirates (AP) — Iran’s currency hit a record low Monday as Washington prepared to announce new sanctions it said would be an “economic D-Day” and would add further pressure on an economy already battered by previous sanctions and a U. S. naval blockade. The rial dropped to 2. 02 million to the U. S. dollar as trading opened on informal currency markets. Iran’s official Central Bank rate stood at around 1. 5 million rial to the dollar, but the informal rate is what...
Read MoreMon, 24 Aug 2026
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