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Iran’s currency falls 16 pct in single day

Posted on 02 October 2012

Iran’s currency has fallen 16 percent in a single day to hit a record low against the U.S. dollar and other foreign currencies in street trading. Street traders said Monday it reached 34,500 rials to the dollar. It was 29,500 rials on Sunday.
The collapse of the currency is a sign of the impact of Western sanctions imposed over Iran’s nuclear program. The West suspects Iran is aiming to build nuclear weapons, a charge Tehran denies………………………………………..Full Article: Source


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