Iran’s rial currency hits all-time low of 1,074,000 to US dollar before president’s UN speech
The currency’s fall follows Iranian Supreme Leader Ayatollah Ali Khamenei rejecting direct talks with the United States over its nuclear programme
Iran’s rial currency fell to a new all-time low on Wednesday, reaching 1,074,000 to the US dollar just before Iranian President Masoud Pezeshkian was due to address the United Nations.
The currency’s fall follows Iranian Supreme Leader Ayatollah Ali Khamenei rejecting direct talks with the United States over its nuclear programme.
Khamenei’s announcement likely boxes in the diplomacy that Pezeshkian and Iranian Foreign Minister Abbas Araghchi could have done in New York.
It also suggested that last-minute talks between Iran and European nations won’t stop the coming reimposition of UN sanctions on Iran over its nuclear programme. A 30-day window to stop the sanctions will end Sunday.
Unlock Exclusive Insights with The Tribune Premium
Take your experience further with Premium access.
Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits
Already a Member? Sign In Now
