Rial has lost half its value since April amid weak economy and big demand for dollars by Iranians fearful of sanctions.
- AlJazeera
Iran’s currency has plunged to another record low, dropping past 100,000 rials to the US dollar, as Iranians brace for August 7 when the United Statesis due to reimpose the first batch of sanctions on their economy.
In May, Washington pulled out of a landmark 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear programme.
The US government…