Thomson Reuters
- The Iranian rial fell below 100,000 against the US dollar for the first time.
- US sanctions on Iran go into effect August 6.
- Follow the rial in real time here.
Iran's currency, the rial, sank to an all-time low over the weekend, falling below 100,000 rials to the dollar, ahead of the first round of US sanctions which are set to go into effect next week.
The rial fell past 112,000 against the dollar on the black market Sunday, according to the Bonbast.com. Its value has more than halved since April.
See the rest of the story at Business Insider
NOW WATCH: Why the World Cup soccer ball looks so different
See Also:
- 'Weird' and 'purposefully ambiguous': Here's what analysts are saying about Trump's trade agreement with the EU
- Trump’s proposed auto tariffs will lead to sharp spikes in the price of Americans’ most prized possession
- Stocks close mostly higher ahead of a wave of tech earnings
SEE ALSO: Trump's trade war just sank a $2 billion investment for a top Russian steelmaker
from Business Insider https://ift.tt/2NW2xst
No comments:
Post a Comment