1774092524 photo credit ap.jpg

Iran launches 10 million rial note, highest-ever denomination, as war deepens economic crisis

Iran has introduced its highest-value banknote yet — a 10 million rial note — as war and economic turmoil push the country’s financial system to the brink. According to Financial Times reporting, the new note, worth roughly $7, has already begun circulating through banks as long queues form outside cash machines, with many running dry…

Read More
1758725276 unnamed file.jpg

Iran’s currency plunges to all-time low! Rial tumbled to 1,074,000 against US dollar; Iran faces looming UN sanctions, diplomacy constrained

Iran’s rial tumbled to an all-time low of 1,074,000 against the US dollar on Wednesday, just ahead of Iranian President Masoud Pezeshkian’s scheduled address at the United Nations, AP reported.The sharp decline follows Supreme Leader Ayatollah Ali Khamenei’s rejection of direct talks with the United States over Iran’s nuclear programme, limiting the scope for diplomacy…

Read More