Al Jazeera
Iran’s embattled currency has slumped to 1.5 million to the US dollar, a record low, in the open market.
Exchange shops offered the rate as Iran reels under crippling international sanctions and years of mismanagement.
The drop comes nearly a month after shopkeepers in Tehran’s Grand Bazaar shut their stores in protest against the sharp depreciation of the rial and the tanking economy.
Demonstrations later spread to several other cities, evolving into a serious challenge to the government, which carried out a deadly crackdown on the rallies.
Exchange shops offered the rate as Iran reels under crippling international sanctions and years of mismanagement.
The drop comes nearly a month after shopkeepers in Tehran’s Grand Bazaar shut their stores in protest against the sharp depreciation of the rial and the tanking economy.
Demonstrations later spread to several other cities, evolving into a serious challenge to the government, which carried out a deadly crackdown on the rallies.
