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Iranian Rial Hits Record Low Against US Dollar Amid Escalating Tensions and Inflation
The Iranian rial reached a record low of 1.941 million against the US dollar in Tehran's free market, marking a 43.7% loss year-to-date. This depreciation is driven by escalating military and political tensions, including US and Israeli airstrikes and a naval blockade, fueling concerns over accelerating inflation, which hit 88.6% last month.
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Euronews Business3 min de lectura
