Iran’s currency hits a record low

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TEHRAN, Iran (AP) — Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year. On...

TEHRAN, Iran — Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year.

Niloufar, 28-year-old wife and her husband Behzad, 30, said that they'd booked a weeklong tour of Turkey at a discount rate, but were now looking at spending as much as full-price tour.The price was 590,000 to the dollar on March 18, the last workday before the holiday. The government's Statistics Center put the country’s inflation rate for Feb. 2024 at 42.5%, while Central Bank said it was more than 46%. There is no explanation for the discrepancy.Iran's relations with the west have been at exceptional lows since then-U.S. President Donald Trump abandoned a deal that called for the country to end its nuclear program in return for access to frozen funds and other benefits.

Hard-liners have controlled the parliament for the past two decades — with chants of “Death to America” often heard during its sessions.For days, Donald Trump’s fury over the requirement to secure hundreds of millions of dollars in bond money by Monday has been bubbling behind the scenes and through a steady stream of social media posts.Former House Speaker Newt Gingrich said that Congressman Matt Gaetz “unleashed the demons” when he spearheaded an effort last year to oust former Rep.

 

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