The rial, the fiat currency of the Islamic Republic of Iran, traded at its lowest ever value to the U.S. dollar on Sunday. Economic fallout from the U.S. withdrawal from the Iran nuclear deal and the Russo–Ukrainian war is causing continuing hardship in the Middle Eastern country.
The rial was recorded as trading at 332,000 to the U.S. dollar, up 4,500 from the day before, setting a new record for the lowest recorded value of the Iranian currency. Altogether, the Iranian currency’s value has fallen by 4.4 percent since the beginning of the month.
