Iranian currency sinks against the USD on new sanctions

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Source: BBC

Iran's currency, the Rial, depreciated against the USD by 12% following the US sanctions aimed at Iran's central bank. The Rial traded at 17,800 to the USD on Monday as compared to 15,900 on Sunday. The US announced it plans to take action aimed against overseas businesses that deal with the central bank of Iran.

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Tue, 03 Jan 2012 10:14:43 GMT

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