Iranian rial at new low, central bank sells dollars to support currency.

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-03T23:08:00Z
Category: finance
Source: DAWN.COM

Iran's central bank has announced an injection of up to $2 billion to support the rial, which has fallen to a new low against the US dollar. The currency has lost over half its value in the past year amid US sanctions and a naval blockade.

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