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Iranian rial hits record low at 128,000 to the dollar

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IrThe Iranian rial hit a record low against the US dollar on the unofficial market on Monday amid a deterioration in the economic situation and the reimposition of sanctions by the United States.

 

The dollar was being offered for as much as 128,000 rials, according to foreign exchange website Bonbast.com, which tracks the unofficial market.

 

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