Iranian Rial loses over 10% against Euro, Dollar
Dealers and money exchangers in Tehran reported the currency lost roughly 12% of its value against the euro and 13.6% versus the US dollar.
Already strained by years of international sanctions, the Rial now faces further pressure from regional unrest and mounting uncertainty surrounding the prospects for a renewed nuclear deal.
As a result, the black market price for one euro has climbed beyond one million Rials.
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