Iran currency slips 6% after new US sanctions

Iran's currency, the rial, slipped 6% in less than 24 hours two days after the United States imposed extra sanctions targeting the Islamic republic's central bank and financial sector, Iranian media reported Monday.

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. (AFP)