On Thursday, Iran's national currency experienced another plunge to an unprecedented low with the US dollar trading at 646,000 rials. The Iranian Rial continued its downward spiral Thursday, with the US dollar reaching a record high of 640,500 Rials in the country's currency market. Iran's economy is facing a severe crisis as its local currency, the rial, continues to plummet in value against the U.S. dollar, with serious consequences for ordinary Iranians.
A rise in US-Iran tensions has depressed the Iranian currency, the rial, with serious consequences for ordinary Iranians. The story: Having enjoyed relative stability since March 2023, the Iranian rial has sharply depreciated against the US dollar this year. In toppling the same opponent who knocked him out of state a year ago, Pine Creek's Griffin Rial accomplished a goal a year in the making.
Donna Jean Rial, born on August 9, 1948, passed away on February 29, 2024, at the age of 75. The world lost a little sparkle when Donna Jean Boyd Rial, 75, passed away. Iran's currency, rial, reached another historic low on Saturday, breaking through the 650,000 threshold and dropping to 653,000 per US dollar. The rial lost 17% in the past four months in the free market against the US dollar, as Iran tackles inflation soaring above 40%.