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Source: https://www.iranintl.com/en/202212292488
Iran's Currency In Freefall
(Iran International) The Iranian rial has hit yet another low, surpassing 430,000 rials to the dollar. In response, President Ebrahim Raisi replaced the chief of the Central Bank of Iran. Since the protests began in Iran in mid-September, the rial has lost more than a third of its value against the dollar, fueling inflation of well over 50%. The rial has now lost 80% of its value compared to mid-2021.