Iran's rial falls to record low on U.S. sanctions
 

03-01-12 12:17 PM

TEHRAN (Reuters) - The Iranian rial fell to a record low against the dollar on Tuesday following U.S. President Barack Obama signing a bill on imposing fresh sanctions against the country's central bank. The new U.S. sanctions, if fully implemented, could hamper the world's major oil producer's ability to sell oil on international markets. The exchange rate hovered at 17,200 rials to the dollar ...

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