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Iranian currency at record low

Iran's national currency, the rial, fell to a record low against the US dollar amid a wave of protests triggered by the death in custody of a young woman. The rial traded at 331,800 to the dollar on October 3, down from the quoted price of 316,800 a week ago. At the start of September, the rial was at 298,200 to the dollar.

The weakening of the currency has intensified since widespread protests over the death of a young woman in police custody for reportedly improperly wearing a hijab. Intense anger over the death of 22-year-old Mahsa Amini on September 16 has been sweeping the country. There is also dissatisfaction as a revival of a 2015 nuclear accord between Tehran and global powers is not looking good.


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