Iranian Rial Plunges To Record Low ...Middle East

Economy by : (OILPRICE) -
Iran's national currency, the rial, fell to a record low against the U.S. dollar amid a wave of protests triggered by the death in custody of a young woman. The rial traded at 331,800 to the dollar on October 3, according to traders in Tehran and the Bonbast.com foreign-exchange website, down from the quoted price of 316,800 a week ago. At the start of September, the rial was at 298,200 to the dollar. The weakening of the currency has intensified since widespread protests over the death of a young woman in police custody for reportedly improperly…

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