News Videos
World
International Edition

Friday

September 22, 2017

Breaking News, World News and Taiwan News.
About Us
E-Newsletter
Advertise
Contact Us

Iran currency crashes by 9% to record low as effect of Western sanctions felt

TEHRAN--Iran's currency, the rial, plunged 9 percent against the dollar at the opening of trade on Monday, to a record low of 32,500 to the greenback, real-time exchange websites showed.

The freefall exacerbated a slide over this year that accelerated last month, amid heightened tensions over Iran's nuclear program and as the effects of draconian Western sanctions against the Islamic republic fed into its economy.

Minutes after the dramatic plunge was posted on websites such as Mazanex.com, the data was censored.

The Mehr news agency reported the rial trading at 32,300 to the dollar.

MOST POPULAR OF THIS SECTION
Advertise  |   RSS Feed  |   About Us  |   Contact Us
Home  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |  
Arts & Leisure  |   Health  |   Editorial  |   Commentary Travel  |   Movies  |   Guide Post  |   Terms of Use  |  
  chinapost search