World · 25 August 2026
Iran's currency hits record low as its leaders admit strain
Image by albertoclemares on Freepik
Iran's rial slid to a record 2.02 million to the dollar on informal markets as the new American sanctions arrived, AFP reported. President Pezeshkian says he does not deny the shortages Iranians are enduring, and wants the war ended while Iran is strong. His finance minister told state television the government has a two year plan and its response will not be purely defensive.
Reported by Asharq Al-Awsat · How we write briefs