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Iran's currency falls to record low against dollar

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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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