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Politics
Iranian currency hits all-time low amid US blockade
April 30, 2026
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The Iranian rial hit a new record low on Wednesday as the country’s economy enters its most dire straits yet, amid a U.S. blockade of the Strait of Hormuz. The currency remained stable during the war, but beginning on April 27, demand for foreign banknotes suddenly flooded the open market. The U.S. naval blockade has []
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