Iran’s Rial Hits All-Time Low

Iran’s currency the rial has fallen 20% in value over the last two weeks in trade against the US dollar.


The devaluation indicates the Islamic Republic of Iran is increasingly struggling against international sanctions that have limited its ability to obtain foreign currency.


The sanctions placed on Iran are intended to reduce its ability to build a nuclear program that the United States argues is purposed for nuclear missiles while Tehran claims it is for civilian domestic energy production.


[France 24]