Iranian rial slides further, dollar nears 190,000 toman in Tehran market

The Iranian rial weakened further Wednesday, with the dollar approaching a record 190,000 toman in Tehran's open market, amid ongoing economic uncertainty and tensions, according to reports.

The Iranian rial continues to weaken, with the dollar approaching a record 190,000 toman in Tehran's open market. The currency remains under pressure amid ongoing economic uncertainty and geopolitical tensions, according to reports. No official exchange rate data has been published, but the move continues a trend of weakening in recent weeks.

• Developing14:51 · 2 JulIranian rial slides further, topping 1.77 million to the dollar in new low
• Developing13:11 · 28 JunIranian rial loses 13% of value in under two weeks despite Hormuz opening
• Strong15:28 · 10 JunShekel weakens as dollar jumps 1.2% to near 3 shekels
• Developing15:34 · 15 JunShekel surges 1% as dollar plunges on US-Iran deal expectations

Source and signal

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