Treasury Secretary Scott Bessent warned the Iranian rial is in deep distress, saying he would move his money out of the currency. He cited 60% depreciation, 35%

BWB News TV • 2026-08-24 16:51 UTC • By Billy Odell Tucker-Robinson

Treasury Secretary Scott Bessent warned the Iranian rial is in deep distress, saying he would move his money out of the currency. He cited 60% depreciation, 35% official inflation and an exchange rate of 887,500 rial per US dollar.

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