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Iran: Iranian currency plunges to record low as UN sanctions loom

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SHOTLIST: TEHRAN, IRAN (SEP. 23, 2025) (ANADOLU – ACCESS ALL) 1. VARIOUS OF BUYERS SHOPPING AND VIEWING GOLD ACCESSORIES IN JEWELRY SHOPS OF TEHRAN BAZAAR 2. VARIOUS OF IRANIAN RIAL,TOMAN AND USD BANKNOTESTEHRAN, IRAN - SEP. 23: Shoppers rushed On Tuesday, Sep. 23, buyers rushed to Tehran’s shops to purchase gold and foreign currency as the rial plunged to record lows just days before United Nations sanctions are set to be reimposed. According to pashizi.com, the dollar traded at 108,500 tomans on the free market, while the euro reached 127,500 tomans. Gold also climbed above 10 million tomans per gram for the first time. Iran’s currency has lost 44% of its value against the dollar since January, when it traded around 70,000 tomans. The spike follows the decision by the UK, France, and Germany to trigger the “snapback” mechanism in the 2015 nuclear deal, citing Iran’s violations. Unless a last-minute agreement is reached or the deadline extended, sanctions will automatically return at midnight on Sep. 28.

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