Iran currency hits record low

The Iranian currency has fallen to its lowest ever level against the dollar, reaching 1.992 million rials on Monday, influenced by the American sanctions campaign aimed at economically isolating Iran through port blockades and choking its oil exports, which are a primary source of foreign currency. Iran is expected to face further severe sanctions tomorrow, in an effort to limit its economic capabilities, while China warns of the success of American pressures and calls for diplomatic solutions, as Iran directs its efforts to strengthening trade with partners defying the sanctions.

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