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Iranian rial crashes to record low amid EU’s sanctions threat

Invezz Thursday, 28 August 2025 ()
Iranian rial crashes to record low amid EU’s sanctions threatIran’s embattled currency, the rial, slumped below the psychological barrier of one million to the dollar on Thursday, reaching a new record low as traders and ordinary Iranians brace for the reimposition of United Nations sanctions by European powers. The precipitous decline comes amid fears that diplomatic negotiations over Iran’s nuclear program have reached a […]
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