AFP: Iran currency tumbles 17% to new low
Iran's currency plummeted around 17 percent in trading on Monday,
according to media and an online exchange website, severely adding to
strains on the Islamic republic's sanctions-hit economy.
The currency, the rial, weakened to 34,500 to the dollar by the end of the day's trading, according to the Mesghal.com website, a drop of 16.6 percent compared to the previous day's rate of 29,600.
The Mehr news agency said the rial fell 18 percent to 35,000.
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