The Iranian rial plunged to an all-time low, with one dollar now worth over 2.2 million rials—down roughly 60% since March.
Despite the crash, Iran’s Central Bank claims it holds enough reserves to intervene, with up to $2 billion available if needed. Meanwhile, one man was seen carrying several kilograms of cash just to buy $300.
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2September 4, 2026 5K 1
