Iranian Rial Hits Record Low; Dealers Stop Trading Dollar, Euro
Weak economic outlook drives currency down, slows businesses/ Traders cite lack of overseas finance, fragile nuclear deal/ The Iranian rial hit a record low against the U.S. dollar for the second time in two months over concerns about Iran’s economy, rattling businesses and prompting some currency dealers to suspend trading./ The rial fell to a record low of 57,000 against the dollar by late afternoon on the unregulated currency market, according to the semiofficial Iranian Students’ News Agency. Several foreign-exchange dealers announced ...
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