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Rial plummets to historic low as Iran faces deep economic crisis
short by / on Monday, 12 January, 2026
Iran is facing a severe economic crisis as the Iranian Rial crashes to 1.4 million per US dollar. Soaring inflation, stagnant salaries, and rising costs are crippling ordinary citizens. Sanctions, war, and public unrest, including protests, have worsened the situation. With GDP expected to shrink, Iranians are bracing for deep recession, poverty, and continued financial instability.
read more at Asianet Newsable