Iran’s 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 country’s economy. The latest slide, coming only weeks after the currency touched 2.2 million per dollar on September 2, underscores the severity of Iran’s financial stress and the limited policy room available to stabilise markets.
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"Iran’s Rial Slumps to Record Low as War Deepens Economic Strain"
Iran’s 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 country’s economy. The latest slide, coming only weeks after the currency touched 2.2 million per dollar on September 2, underscores the severity of Iran’s financial stress and the limited policy room available to stabilise markets.
Iran’s Rial Slumps to Record Low as War Deepens Economic Strain
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (02:09 PM IST)•4 min read
Iran’s 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 country’s economy. The latest slide, coming only weeks after the currency touched 2.2 million per dollar on September 2, underscores the severity of Iran’s financial stress and the limited policy room available to stabilise markets.
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