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Iran’s rial currency hits new record low as U.S. prepares to announce more sanctions

The Hindu

BusinessThe Hindu·Aug 24, 2026·1 min read

Iran’s rial currency hits new record low as U.S. prepares to announce more sanctions

The rial dropped to 2.02 million to the U.S. dollar as trading opened on currency markets. Iran's official Central Bank rate stood at around 1.5 million rial to the dollar, but the market rate is what most Iranians pay

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