Iran’s currency hits new record low, as war erodes Iran’s economic stability

Iran’s currency fell to a new record low on Tuesday, with traders in Tehran exchanging more than 2.5 million rials to the U.S. dollar.

The latest decline came just 27 days after the rial hit its previous record of 2.2 million to the dollar on Sept. 2. The currency has repeatedly reached new lows since the war began in February.

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