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Iranian Rial Depreciates to 203,000 per USD Amid Anticipated US Treasury Sanctions
IranWire·IR · US·about 1 hour ago
The Iranian rial has breached the 2 million per USD threshold, reflecting severe fiscal strain as oil revenues, tax receipts, and social security contributions decline. Central Bank Governor Hemmati's admission confirms systemic economic distress, though the specific trajectory toward further devaluation remains speculative.