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S9/10Geopolitical

Iranian currency falls to new low

Iranian currency falls to new low Iran's currency has dropped to a record low of more than 2.2 million rials per US dollar, two websites tracking the free market rate showed on Wednesday, amid renewed US strikes on the country.

The rial has dropped about 10% in the past week, having lost about half of its value in a year of tightening US sanctions and US-Israeli attacks that began in February. Reporting by Reuters

Source: Middle East EyeOriginal source

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