Iran’s currency fell to a new record low on Tuesday with traders in Tehran exchanging more than 2.5 million rials to the US dollar in a stark reflection of how the US-Israeli war has steadily eroded its economy.
– The latest decline came just 27 days after the rial hit its previous record low of 2.2 million to the dollar on September 2. The currency has repeatedly reached new lows since the war began in February.
– Before the US and Israel launched their attack on Iran the dollar traded at about 1.7 million rials to the US greenback on the open market.
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