The Iranian rial fell to an all-time low in Iran’s unregulated, open market on Monday as protests against the government continued and hopes of reviving the nuclear deal remained slim. The rial fell to an average of IRR367,500 to the US dollar, IRR367,050 to the Euro and IRR421,700 and to the pound according to two exchange shops in the capital Tehran and local websites monitoring foreign currency prices. The rial has lost more than 40% against the dollar since August 2021. … Continue reading “The Iranian Rial Hits Record Low as Iran Unravels in Protests”