Iran’s Currency Hits Record Low Amid Impending US Sanctions

Iranians chant slogans as they march in support of the government near the Imam Khomeini grand mosque in the capital Tehran on December 30, 2017. Tens of thousands of regime supporters marched in cities across Iran in a show of strength for the regime after two days of angry protests directed against the country's religious rulers. / AFP PHOTO / TASNIM NEWS / HAMED MALEKPOURHAMED MALEKPOUR/AFP/Getty Images

Iran’s currency nosedived to another record low of 100,000 rials to the dollar on Sunday, sparking fears of a deepening economic crisis amid the looming return of full US sanctions.

Over the last four months, the rial has lost 50% of its value against the dollar and there is little sign the situation will improve.

Iran’s economy is expected to slide further after the US imposes sanctions on the country in the next two weeks.

read more at REUTERS.



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