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Iran’s currency falls to a new low as nuclear sanctions squeeze its ailing economy
Nuclear sanctions have caused Iran's rial to plunge to 1.2 million per dollar, raising food prices and worsening economic challenges as U.S.-Iran talks remain stalled.
- Iran's currency, the rial, fell to a new low of 1.2 million to the U.S. dollar as nuclear sanctions squeeze Tehran's ailing economy.
- The United Nations reimposed nuclear sanctions on Iran in late September via its snapback mechanism, freezing Iranian assets abroad and halting arms deals, among other measures.
- Traders offered the new exchange rate as attempts to restart negotiations between America and Iran over its nuclear program appear stalled, increasing pressure on food prices and daily life for Iranians.
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42 Articles
9NEWS Denver+8 Reposted by 8 other sources
Iran's rial currency falls to new low of 1.2 million to a US dollar as nuclear sanctions squeeze its ailing economy
Iran's rial currency falls to new low of 1.2 million to a US dollar as nuclear sanctions squeeze its ailing economy.
·Denver, United States
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Total News Sources42
Leaning Left14Leaning Right4Center15Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 42%
C 46%
12%
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