The Iranian rial plunged to an all-time low, with one U.S. dollar surpassing 2.2 million rials—marking a roughly 60% devaluation since March.
While the Central Bank of Iran claims it holds sufficient reserves and can access up to $2 billion if needed, one man was seen carrying several kilograms of cash just to exchange for $300.
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1September 4, 2026 669 1
