Iran regional confrontation

Iranian rial falls to record low of 2.02 million per US dollar

DIPLOMACY
Location
Iran - national currency market
Actors
Iran
Importance
Standard

The Iranian rial dropped to 2.02 million to the US dollar as trading opened on currency markets on Aug. 24, a record low that deepens the economic pressure linked to Washington's newly announced sanctions campaign against Tehran.

Verification: Confirmed

Evidence: Bessent says new US sanctions aim to block all potential sources of revenue for Iran, Iranian Rial Hits Record Low As US Prepares New Sanctions

Rate and record-low characterization per AP reporting; corroborated by IranWire same day. Classified under the nearest available H-3 category (sanction/economic): this is the market outcome of the sanctions campaign, not a new sanctions designation.