According to Xinhua, the Iranian rial extended a two-day slide to beyond 1.81 million per U.S. dollar, with the older report attributing the decline to President Trump’s blockade.
The Iranian rial fell to a record low beyond 1.81 million per U.S. dollar, compared with the older report’s 1.8 million level, according to Xinhua and the earlier source. Xinhua said the currency’s decline had begun two days earlier and included a loss of more than 230,000 rials in a single day. The older topic attributed the weakness to President Trump’s blockade, but provided no further details. Together, the reports indicate severe pressure on Iran’s foreign-exchange market and purchasing power, while leaving some causal and policy details unspecified.