Iran's rial currency hits all-time low of 1,074,000 to the US dollar before president's UN speech

This is a locator map for Iran with its capital, Tehran. (AP Photo)

UNITED NATIONS (AP) — Iran’s rial currency fell to a new all-time low on Wednesday, reaching 1,074,000 to the U.S. dollar just before Iranian President Masoud Pezeshkian was due to address the United Nations.

The currency’s fall follows Iranian Supreme Leader Ayatollah Ali Khamenei rejecting direct talks with the United States over its nuclear program.

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