Iran’s rial hits record-low 100,000 to the dollar

Iran’s rial hits record-low 100,000 to the dollar

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Iran’s currency hit a record low on Sunday of 100,000 rials to the dollar amid a deepening economic crisis and the imminent return of full US sanctions. The rial has lost half its value against the dollar in just four months, having broken through the 50,000-mark for the first time in March.