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Iranian currency dips to historic low amid sanctions, pandemic, foreign policy decisions

Iran has seen the rial’s value fall by almost half this year as the currency now stands at a record low against the US dollar, triggered by ongoing sanctions, coronavirus restrictions and, according to some experts, Iran's foreign policy adventures since the 1979 revolution.

An Iranian youth, wearing a protective mask due to the COVID-19 pandemic, checks the currency exchange rates in Tehran on June 22, 2020. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)
An Iranian wearing a protective mask due to the COVID-19 pandemic checks the currency exchange rates in Tehran on June 22, 2020. — ATTA KENARE/AFP via Getty Images

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