The Iranian rial has lost half its value since December, despite attempts by the regime to prop it up.

ECONOMIST: Iran??s economy is now at risk of grave damage

On October 1st alone, the value of the Iranian rial declined by some 17 percent, collapsing to 34, 700 to one American dollar. (It has since reportedly fallen still further).

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Several major foreign airlines announced that they were discontinuing service into Tehran due to the volatility of the Iranian rial and shipping giant Maersk halted all port calls to Iran.

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