The Iranian rial has fallen to a record low of 1,043,000 rials to the dollar, driven by heightened tensions with the US regarding Iran's nuclear program and the aftermath of international sanctions. Following the festivities of Nowruz, informal trading influenced the market, leading to significant depreciation. Former President Trump's return to an aggressive sanctions policy has further exacerbated Iran's economic difficulties. Despite this, Iranian leaders, including President Masoud Pezeshkian, express a willingness to engage in dialogue with the US, albeit under conditions of equality.
The Iranian rial's continued plunge amid rising tensions with the US highlights the severe impact of international sanctions on Iran's economy.
As uncertainty looms over the rial's future value, traders in Tehran have begun to turn off their electronic displays, reflecting a tense market environment.
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