World


Iranian rial plunges to all time low of 1.3 million to USD, compounding worries of bankruptcy

Tehran, Dec 16 (UNI) The Iranian rial has plummeted to an all-time low, as regional hostilities and post-war recovery have left the Islamic Republic in dire straits, heavily devaluing its debilitating currency and plunging it a new record low of more than 1.3 million to the USD.
This further deepened the currency's already massive collapse less than two weeks after it first breached the 1.2-million mark amid renewed global sanctions, and growing diplomatic isolation, reports Iran International.
The latest slide comes amid soaring inflation, all-time high prices for food, medicines and other daily necessities which have greatly strained household budgets, renewing the volatility in Iran's unofficial markets and continued uncertainty over stalled nuclear talks with the US, and the European bid to reimpose pre-2015 sanctions being greenlit by the UN.
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Iran witnessed its most brutal form of state repression since 1979: Activists

16 Jan 2026 | 8:38 PM

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Iran tightening grip on internet connectivity

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16 Jan 2026 | 6:12 PM

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