AP
December 10, 2022
CAIRO
(AP) — Iran’s currency fell to a record low against the dollar on Sunday, with
nationwide anti-government protests now in their third month. A breakdown in
negotiations to restore Tehran’s nuclear deal has also hurt the value of the
rial.
Traders
in Tehran were exchanging the rial at around 370,000 to the dollar on Sunday,
up from 368,000 on Thursday. Iran’s currency was trading at 32,000 rials to the
dollar at the time of the 2015 nuclear accord that dropped international
sanctions in exchange for tight controls on Iran’s nuclear program.
