Economists warn that the rial’s accelerating decline risks feeding a vicious cycle of higher prices and reduced purchasing power.
TEHRAN, Iran (AP) — Iran’s rial slid further Monday to a new record low of more than 1.3 million to the U.S. dollar, deepening the currency’s collapse less than two weeks after it first breached the 1.2-million mark amid sanctions pressure and regional tensions.
Additional Reads
Read Full Article: https://www.courthousenews.com/irans-rial-currency-plummets-to-new-low-sparking-fears-of-higher-food-prices/
