Iran's currency falls to record low against dollar - Israel News, Ynetnews

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Iran's currency falls to record low against dollar

Published: 08.07.12, 00:55 / Israel News

Traders say Iran's currency has hit a record low against the US dollar in street trading.


The rial dropped 5% in a single day, to 21,500 rials to the dollar. The collapse of the Iranian currency is a sign of the effect Western sanctions over Iran's nuclear program. The West suspects Iran is aiming to build nuclear weapons. Iran denies that. (AP)


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