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The Iranian currency has depreciated by over 20%, and most exchange currency merchants refuse to accept it. According to PA News on June 23, as reported by CCTV News, the conflict between Iran and Israel continues to escalate. A reporter from the main station found at the Kapakoy port on the Turkey-Iran border that the flames of war have not yet directly affected the border, but changes in exchange rate, communication, security, and other aspects have quietly occurred, revealing the spillover effects of the conflict. The reporter saw four or five exchange currency merchants at the port, most of whom have refused to accept the Iranian Rial. Only a few are still exchanging, but they also revealed that as the conflict escalates, the Rial's exchange rate has depreciated by over 20%.