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Iran central bank chief blames foreign psy-ops for currency freefall

Dec 17, 2024, 20:32 GMT+0Updated: 08:55 GMT+0

Iran's Central Bank chief Mohammadreza Farzin blames 'psychological operations' abroad for the sharp decline of the country's currency.

"They published a negative story every few hours," Farzin asserted, referring to US outlets that he said systematically derail his measures.

The Iranian rial plunged to a historic low against the US dollar on Wednesday, exceeding 780,000 rials per dollar. This marks a nearly 50% decline in the currency's value over the past year.

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