Fall of Iranian rial intensifies

TEHRAN, Sept 25, (AFP): The fall of the Iranian rial intensified on Tuesday as it hit a new historic low against the dollar after losing 12 percent of its value since the weekend. The rial was trading at 165,000 to the dollar on Tuesday afternoon, according to the Bonbast website which monitors rates in Iran.

The national currency has lost more than 76 percent of its value against the dollar since late 2017, a fall analysts link to the decision by the United States to withdraw from the 2015 Iran nuclear deal.