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Iran’s rial fell to a new record low against the US dollar on Tuesday, with traders in Tehran exchanging more than 2.5 million rials for one dollar, underscoring the economic damage caused by the ongoing US-Israeli war.
Iran’s rial fell to more than 2.5 million per US dollar as mediators seek an agreement on the Strait of Hormuz.
Iran’s currency falls to a new record low as the war in the Middle East further erodes Tehran