Iran’s currency drops to record low against dollar, tracking websites say

Iran’s currency dropped to a record low of 1,500,000 rials to the US dollar on Tuesday, according to several Iranian currency tracking websites, weeks after protests sparked by the rial’s dwindling value rocked the country.

Protests over economic grievances began in late December but turned into a mass movement against the Islamic Republic, with huge street demonstrations for several days from January 8 – the day the shutdown was imposed.