Iran’s Rial falls to all time low against the US Dollar

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Iran’s currency, the rial, fell as much as 18% on Monday to a record low against the US dollar, according to media reports.

It dropped to as much as 35,000 to the dollar, according to agencies citing currency exchange sites in the country.

The currency has reportedly lost 80% of its value since the end of 2011.

The fall suggests economic sanctions imposed over its disputed nuclear programme are hitting economic activity ever harder. Click below for full story - 

 IMAGE: The Times