Iranian currency slides under latest U.S. sanctions
http://dervishcom.blogspot.com/2012/01/iranian-currency-slides-under-latest-us.html
TEHRAN – Iran's ailing currency took another slide Monday, losing 12 percent against foreign currencies after a U.S. decision to place its central bank under unilateral sanctions.
The currency, which economists say was held artificially high for years against the dollar and euro, has lost about 35 percent of its value since September. State radio said the Iranian currency's exchange rate hovered around 16,800 rials to the dollar, marking a record low, according to the Associated Press. The rial was trading at about 10,500 rials to the U.S. dollar in late December 2010.
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Source: http://feeds.washingtonpost.com/click.phdo?i=7ff4187e92a849bdea2b946d2f4d329f
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