Iranian currency hits record low, falls to 2.5 million rials against US $1

The Iranian currency, rial, has hit a record low, falling to 2.5 million rials against just US $1. The latest decline came just 27 days after the rial hit its previous record low of 2.2 million to US $1 on September 2. The currency has repeatedly reached new lows since the war with the US and Israel began in February.