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FinancialNews
04-09-18
Iranian currency sinks to low records against US dollar
(MENAFN) Iran's currency was unveiled to have sunk into a new record low against the US dollar on the unofficial market.
Foreign exchange website Bonbast.com revealed the dollar to have been put on the unofficial market at up to 128,000 rials.
This comes in the middle of accelerating economic tensions after the United States slapped Iran with re-imposed sanctions.
The Iranian rial has been suffering from instability for months due to the poor economic situation, while concerns have been raised of the US renewed sanctions to cause a decline in Iran's exports of oil and other products.
MENAFN0409201800450000ID1097382982
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