“Iran’s rial weakened to a record low of around 1.8 million per dollar on Wednesday, reflecting ongoing economic pressure.”
Sounds like an echo of post WW1 Germany when a wheelbarrow of paper marks was needed to buy a loaf of bread. I just hope the Iran situation recovers more sanely than Germany did at that time.
The “live link” posted at this comment led to a Summary by Trump of recent Iran related concerns. I then had to laugh when just below Trump’s Summary, I saw Russia’s Lavrov was declaring the Caspian needs to be a sea of peace. Like Russia has already promoted peace there by shooting down its neighbors airplane and killing so many people thereby.
“Peace” in the Russian mir means control/surrender
Actually the Summary in my comment above was not by Trump but was about Trump and Iran news. Also the Lavrov story had moved down below several newer stories. As a “live blog” new stories are introduced regularly and the minutes old age of each story is listed and changes over time.
Graph exchange rate https://www.bonbast.com/graph/usd
However, trading volume is very low, so this only provides an approximate picture of the exchange rate—just like with the ruble.