By admin 
DUBAI, United Arab Emirates (AP) — Iran’s currency hit a new record low Monday, with the rial dropping to 2.02 million to the U.S. dollar as markets opened, as the economy has been battered by ongoing sanctions and an American naval blockade.
Read more Burnham and European leaders arrive in Kyiv as Ukraine marks Independence Day
The drop on Iran’s informal currency markets came as Washington prepared to announce even more extensive sanctions that it said would be an “economic D-Day” and would add further pressure.
Read more Japan’s leader Takaichi explains why she spends long hours in seclusion at her official residence
The currency had already been under pressure before the U.S. and Israel attacked Iran on Feb. 28, amid double-digit inflation and negative growth but has been hitting new record lows as nearly six months of war have taken an even greater toll.
Read more A US envoy clarifies his comments on Golan Heights that contradicted Trump’s position