Iranian rial falls past 2 million per US dollar - Daily Times
Source: Daily Times
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DW NOTE
The rial has lost 99.995% of its value since the 1979 revolution — from 70 per dollar to 2 million. Six months of Strait blockade and war footing have simply accelerated the final meltdown of a currency that was already hollowed out by four decades of sanctions, price controls, and monetary debasement dressed up as resistance.
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The United States has imposed sanctions on a Turkish investment bank and two subsidiaries, accusing them of helping Iran move oil revenue and providing access to the international financial system as Washington intensifies its campaign to squeeze Tehran. The US Treasury Department on September 4 des
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