On Sunday, the Iranian rial plunged to 111,500 against one US dollar on the unofficial market, down from about 97,500 rials on Saturday.
DUBAI – Iran’s currency plunged to another record low on Sunday, dropping past 100,000 rials to the US dollar as Iranians brace for Aug. 7 when the United States is due to reimpose a first lot of sanctions on their economy. In May the United States pulled out of a 2015 deal between world powers and Tehran under which international sanctions on Iran were lifted in return for curbs on its nuclear program.
