Iran Rial Weakens Over Oil Price Drop, Nuclear Deal Uncertainty
Iran’s rial is weakening after months of stability over declining oil prices and uncertainty whether the country will clinch a nuclear deal lifting international sanctions. The currency, which had hovered around 32,000 per dollar in unregulated markets since April, has lost 8 percent since Nov. 24, when world powers and Iran extended nuclear talks by seven months after failing to reach a breakthrough. The rial depreciated to 35,200 per dollar in unregulated trading today, compared with 32,560 on Nov. 24, according to rates compiled by Daily ...
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