Iranian Rial Falls to 2.2 Million Rials per Dollar

The Iranian rial fell to a record low on Wednesday, with its exchange rate surpassing 2.2 million rials per dollar, according to two websites tracking foreign exchange rates in the free market, amid renewed military strikes.

The Iranian currency, which is suffering from a severe economic crisis, lost about half its value over the past year, a period marked by tightened U.S. sanctions and U.S. and Israeli attacks that began in February.