Iran’s currency has fallen to a new record low, plunging to 600,000 to the dollar for the first time.
Iran's currency was trading at 32,000 rials to the dollar when it signed the 2015 nuclear accord with world powers. The agreement lifted international sanctions in return for strict limits on and surveillance of its nuclear activities.
Iran insists its nuclear program is entirely peaceful, but experts say it had a nuclear weapons program until 2003 and is developing a breakout capacity that could allow it to quickly build an atomic weapon should it decide to do so. The protests rapidly escalated into calls for the overthrow of Iran's ruling Shiite clerics, marking a major challenge to their four-decade rule. Iran' has blamed the unrest on foreign powers, casting it as an extension of the sanctions, without providing evidence.
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