Jfeed Staff

Iranian rial plunges 10% in three days amid economic crisis

The Iranian rial has resumed its sharp decline, trading at 1.694 million rials to the dollar, down approximately 10% in three days. The currency had been stabilized at around 1.5 million rials to the dollar during recent weeks of fighting, but has now begun trading at significantly lower rates in Iranian markets. The development signals an intensifying economic crisis in Iran.