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Iranian currency drops to all-time low
- Iran: Monday, February 04 - 2013 at 05:20
According to currency tracking websites and money changers, Iran's currency has plummeted to an all-time low, registering a more than 21% drop in a span of two weeks against the US dollar, Reuters has reported. The rial was traded at between 39,000 and 40,000 per dollar on the open market on Saturday, down from about 33,000 two weeks ago. The official dollar rate in Iran has been fixed for several months at 12,260 rials, but is reserved for official government business.
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