Middle East

Iranian currency falls to record low amid EU plans to expand sanctions against Tehran

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Sun, 2023-01-22 01:19

JEDDAH: Iran’s troubled currency rial fell to a record low against the US dollar on Saturday amid discussions in the European to impose new sanctions on 37 Iranian officials and organizations over the regime’s brutal crackdown on protesters.

Iran’s increasing isolation in the global community also comes amid warnings over Tehran’s expanding role in stirring unrest within the Mideast region and for supplying drones that are causing massive death and destruction in Ukraine.

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