Iran’s currency, the rial, plunged to a record low of 891,000 per US dollar today on Saturday, following the leader of mullah regime Ali Khamenei’s rejection of talks with Washington the day before.
Compared to the same period last year, when the dollar stood at 510,000 rials, the national currency has devalued by 75%.
The economic fallout from the rial's collapse has been profound. Consumer goods inflation in Iran has surged to approximately 50%, leaving more than one-third of the population below the poverty line. 😔
Compared to the same period last year, when the dollar stood at 510,000 rials, the national currency has devalued by 75%.
The economic fallout from the rial's collapse has been profound. Consumer goods inflation in Iran has surged to approximately 50%, leaving more than one-third of the population below the poverty line. 😔
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