One US dollar now costs 2 million rials in Iran, and here’s what it can buy

4 days ago 12

The Iranian rial has fallen to a new all-time low against the US dollar, dropping past 2 million rials to $1 on the free market after Washington launched its toughest sanctions yet in efforts to strangle Tehran’s economy.Iran’s economy has been crippled by decades of US and international sanctions, especially over its nuclear programme – the Iranian rial has crashed and inflation woes are piling up misery for people. The US-Israel war on Iran, launched on February 28, worsened the economic woes for the country of some 92 million people.Recommended Stories list of 4 itemslist 1 of 4New US sanctions signal Trump desperation on Iran, experts saylist 2 of 4Iran bets economic pain will pressure Trump in game of ‘chicken’list 3 of 4Iran, Oman agree on new temporary route in Hormuzlist 4 of 4Trump threatens Iran’s partners: How do secondary sanctions work?end of listTo understand how much everyday items now cost, Al Jazeera tracked the prices of food, clothing and medicines on the streets of Tehran, comparing them with what the same goods cost in the days before the war.How much do basic necessities cost in Iran?Before the war, 2 million rials could buy about 4kg of tomatoes, half a kilo ...

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