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Iran’s currency rial hits record low as US plans more sanctions

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Iran's currency rial hits record low as US plans more sanctions
Iran’s currency hit a new record low Monday, with the rial dropping to 2.02 million to the US dollar as markets opened, as the economy has been battered by ongoing sanctions and an American naval blockade.

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.

The currency had already been under pressure before the US and Israel attacked Iran on February 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.

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Host Hotels & Resorts: Valuation Still Looks Attractive

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Host Hotels & Resorts: Valuation Still Looks Attractive

Host Hotels & Resorts: Valuation Still Looks Attractive

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New 10p coin enters circulation – will you spot one?

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New 10p coin in the palm of someone's hand with one coin on the side showing an image of King Charles and dated 2026, with another coin on the reverse side showing a capercaillie.

Something new might appear in your change when you pay in cash from now on: a 10p coin featuring the portrait of King Charles and the world’s largest grouse.

Sufficient demand for the coins mean newly-minted 10p pieces are entering circulation for the first time for about four years, this time with a new design.

The Royal Mint says shoppers and collectors should discover the coins, which were minted and dated in 2023 and 2026, across the country.

The reverse side of the coin depicts an image of the capercaillie which is found in a small part of Scotland and threatened with extinction.

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The redesigned suite of coins to celebrate the King’s love of the natural world were unveiled in October 2023 by The Royal Mint.

The tails side of every newly-minted coin from the 1p to the £2 now features the country’s flora and fauna – from bees to an oak tree leaf.

Coins in circulation in the UK carrying the portrait of King Charles have so far been limited to the 5p, 50p and £1.

Old coins with the image of the late Queen Elizabeth II can still be used, so the new coins are only struck in response to demand.

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That is why, with 1.4 billion 10p coins in circulation, there has been no need for the new 10p to be released until now by The Royal Mint.

Now. 600,000 of these coins, dated 2023, and 6.5 million dated 2026 have been released to banks and post offices nationwide.

However, King Charles III coins still only represent about 1% of the 24.1 billion coins in circulation across the UK, making any new ones highly sought after by seasoned numismatists and new coin collectors.

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Tyro Payments Limited (TYPMF) Q4 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript