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The Economic Times

Business / The Economic Times

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Iran's currency hits new record low, as war erodes Iran's economic stability

Iran's currency, the rial, fell to a record low, exceeding 2.5 million rials for one US dollar. This decline occurred just weeks after the rial reached a previous low of 2.2 million rials to the dollar on September 2. The currency has been on a downward trend since the onset of the war in February.

29 Sep 2026 4:13 pm