Iran’s rial drops to record low as U.S. readies more sanctions

Iranians find daily staples increasingly unaffordable.

Current and pre-revolution Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, a hub for foreign currency trading in downtown Tehran, Iran, Monday, Aug. 24, 2026. [Photo: Vahid Salemi/AP Photo]

Iran’s currency hit a record low on Monday as Washington prepared to announce new sanctions it said would put more pressure on an economy already battered by........

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