Iran’s currency dropped to its lowest value ever against the US dollar last week amid crushing sanctions by Washington, a disastrous response to the coronavirus pandemic and a string of disjointed foreign policy efforts that have caused distrust in the regime and caused money to flee the country.
On Thursday, the rial fell to 300,000 to the US dollar; it had been at 262,000 only a few weeks before. That's an enormous drop from 2015, when the rate was just 32,000 rials to the dollar.