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Iran's rial currency hits new record low as US prepares to announce more sanctions

Iran's rial currency hits new record low as US prepares to announce more sanctions
Photo: KSAT 12 (ABC affiliate) · view original

Iran’s currency hit a new record low Monday as Washington prepared to announce new sanctions it said would be an “economic D-Day” and would add further pressure on an economy already battered by previous sanctions and a U.S. naval blockade. The rial dropped to 2.02 million to the U.S. dollar as t...

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