The U.S. Is Doubling Down On Economic Economic Pressure Against Iran. Its Currency Just Hit a New Low.

The Iranian rial hit a new low on Monday as the U.S. doubles down on economic pressure against the country. (Credit: Getty Images)

The Iranian rial hit a new low on Monday as the U.S. doubles down on economic pressure against the country.

The Associated Press detailed that the rial dropped to 2.02 million to the U.S. dollar on Monday on currency markets. The country's central bank stood at about 1.5 million, but the outlet noted that most people pay the market rate.