Iran’s currency, the rial, hit a record low over 2.02 million to the U.S. dollar on Monday as the Trump administration prepared to unveil its “Economic D-Day” maximum sanctions against Tehran.
The rial has been declining steeply for quite some time as heavy inflation eats away at the Iranian economy.
The popular uprising in January — which the regime put down by savagely murdering thousands of its own people — was caused , in part, by the collapse of the rial to about 1.4 million against the U.S. dollar. At the beginning of Operation Epic Fury on February 28, the rial was trading at 1.53 million to the dollar.
Years of corruption and…
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