Iranian currency rial hits all-time low

TEHRAN, Iran: As Iranians celebrated the Persian New Year on March 25, the country's currency, the rial, fell to a record low of 613,500 to the U.S. dollar.

At Tehran's main hub of currency exchange shops in Ferdowsi Street, people were trying to exchange rials for foreign currencies, but businesses were closed due to the Nowruz holidays, which runs from March 20 to April 2.

The two-week holiday is an opp