Tehran, Dec. 17 -- The Iranian rial has plummeted to an all-time low, as regional hostilities and post-war recovery have left the Islamic Republic in dire straits, heavily devaluing its debilitating currency and plunging it a new record low of more than 1.3 million to the USD.
This further deepened the currency's already massive collapse less than two weeks after it first breached the 1.2-million mark amid renewed global sanctions, and growing diplomatic isolation, reports Iran International.
The latest slide comes amid soaring inflation, all-time high prices for food, medicines and other daily necessities which have greatly strained household budgets, renewing the volatility in Iran's unofficial markets and continued uncertainty over sta...