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Iran currency crashes 13% to record low

Iran's currency, the rial, crashed more than 13% in trade on Monday to a record low of 33,500 to the dollar, according to the Mesghal.com exchange tracking website.

 

The dramatic freefall added to more gradual losses in past months that have seen the rial lose more than three-quarters of its value compared with the end of last year, when it was at 13,000 to the dollar. (AFP)

 


פרסום ראשון: 10.01.12, 13:39