The Scotsman

Iranian rial crash sparks fears in Tehran

- By JON GAMBRELL

Iran’s rial has fallen to a record low as worried residents of Tehran queued up outside beleaguere­d money changers.

The currency has seen a staggering 140 per cent drop in value since America pulled out of a landmark nuclear deal only four months ago.

Those who went to work at the start of the Iranian weekonsatu­rdaysawthe­ir money shed a quarter of its value by the time they left the office yesterday.

Signs of the currency chaos can be seen everywhere in Tehran, where travel agents offer holiday prices only in hard currency and nappies have disappeare­d from store shelves – something acknowledg­ed by the supreme leader.

Many exchange shops in Tehran simply turned off their electronic signs showing the current rate for the US dollar.

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