One US dollar now costs 2 million rials in Iran, and here’s what it can buy
- The Iranian rial has fallen to a new all-time low against the US dollar, dropping past 2 million rials to $1 on the free market after Washington launched its toughest sanctions yet in efforts to strangle Tehran’s economy.
- Iran’s economy has been crippled by decades of US and international sanctions, especially over its nuclear programme – the Iranian rial has crashed and inflation woes are piling up misery for people.
- The US-Israel war on Iran, launched on February 28, worsened the economic woes for the country of some 92 million people.
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- The Iranian rial has fallen to a new all-time low against the US dollar, dropping past 2 million rials to $1 on the free market after Washington launched its toughest sanctions yet in efforts to strangle Tehran’s economy.
- Iran’s economy has been crippled by decades of US and international sanctions, especially over its nuclear programme – the Iranian rial has crashed and inflation woes are piling up misery for people.
- The US-Israel war on Iran, launched on February 28, worsened the economic woes for the country of some 92 million people.
Sources: Al Jazeera