Iranian Rial Hits Record Low Amid Sanctions and War Impact

The value of the Iranian Rial has reached its lowest level ever compared to the US Dollar. On the open market, the price of one US Dollar has surpassed 2 million Iranian Rials after the US government imposed its harshest sanctions to date with the aim of weakening Tehran's economy.

The Iranian economy has been severely affected by US and international sanctions imposed for decades, particularly concerning Iran's nuclear program. The continuous decline in the Rial's value has exacerbated inflation problems, making life difficult for ordinary people.