Iranโs Rial Slumps to Record Low as War Deepens Economic Strain
Iranโs rial has fallen to a fresh record low, trading beyond 2.5 million to the US dollar as the war continues to erode confidence in the countryโs economy. The latest slide, coming only weeks after the currency touched 2.2 million per dollar on September 2, underscores the severity of Iranโs financial stress and the limited policy room available to stabilise markets.
