Iran currency slips to record low after new US sanctions - Emirates24|7

Iran currency slips to record low after new US sanctions

Iran's currency, the rial, slipped to a record low Sunday, the day after the United States imposed extra sanctions targeting the Islamic republic's central bank and financial sector.

The state news agency IRNA and an Iranian website tracking the currency said the rial's street value at money changers' slid to around 16,000 to the dollar.

That represented a huge difference with the official central bank rate of 11,179 rials to the dollar.

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