The Iranian rial has hit a record low, losing over 10% of its value since the US presidential election in November. This poses new challenges for Tehran as it remains embroiled in conflicts in the Middle East. Iran's Central Bank has attempted to improve the rate by injecting $220 million into the currency market. The currency's decline is worsened by a worsening energy crisis, leading to the closure of schools, universities, and government offices.
image sourced from original article at https://www.timesofisrael.com/liveblog_entry/irans-rial-hits-a-record-low-battered-by-regional-tensions-and-an-energy-crisis/Original article source: https://www.timesofisrael.com/liveblog_entry/irans-rial-hits-a-record-low-battered-by-regional-tensions-and-an-energy-crisis/
Source Id: 2024-12-579701066
