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Iran currency plunges to a new low

3NUMBAS
3NUMBAS
in What the Papers are Saying

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Iran’s currency plummeted to new lows on Monday as the US is set to announce further sanctions on the Islamic republic, whose citizens are now rushing to exchange lines to save their cash. 

The rial dropped to 2.02 million to one US dollar when the currency markets opened on Monday, meaning the currency is now worth about half of what it was at the start of the year.

The continued plunge during nearly six months of war has led Iranians in Tehran to sprint for the exchange markets in hopes of getting US bills before their rial falls even further.

https://nypost.com/2026/08/24/world-news/irans-rial-currency-plunges-to-record-low-as-citizens-try-to-cash-out/

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