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The Independent UK
The Independent UK
National
Amir Vahdat

Iran's rial currency hits record low as shaky ceasefire with US and Israel still holds

Iran War Economy - (Copyright 2026 The Associated Press. All rights reserved.)

Iran’s national rial currency hit a record low Wednesday of 1.8 million to $1 as a shaky ceasefire with the U.S. and Israel still holds.

The rial had remained stable for weeks during the war, which began Feb. 28, in part because there was little trading or imports coming into the country.

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