Topic
Iranian rial
Iran's currency hits a new record low as war erodes the country's economic stability
Iran's national currency collapsed to a new record low of over 2.5 million rials per US dollar amid escalating military conflict and a US naval blockade.
US unveils 'economic D-Day' of sanctions to isolate Iran
Treasury Secretary Scott Bessent announced an expansion of secondary sanctions to isolate Iran financially, targeting nearly 60 entities and vessels.