Iran’s rial continues to fall and has reached the lowest level in its historical record. As a result, the U.S. dollar exchange rate in the open market has surpassed 1.32 million rials. This sharp decline comes less than two weeks after the rial crossed the 1.2 million thresholds against the dollar for the first time, … Continue reading Iran: Rising Gasoline Prices and the Unprecedented Collapse of the Rial