Iran's currency fell to another record low against the U.S. dollar on the unofficial market on February 26, amid the country's increasing isolation over its disputed nuclear program, human rights violations, and the supply of drones to Russia. The U.S. dollar was fetching up to 601,500 rials on Iran's unofficial market, compared with 575,000 the previous day and 540,000 on February 24, according to foreign-exchange site Bonbast.com. Iranian authorities have blamed the currency's fall on "the enemies' plot" to destabilize the country after months of unrest sparked by the death in custody of a young woman on September 16. To read the original story by Reuters, click here.
Iranian Currency Plunges To New Lows Amid Unrest, International Isolation
The U.S. dollar has reportedly been fetching up to 601,500 rials on Iran's unofficial currency-exchange market. (file photo)