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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Iran Currency Drops to Lowest Value Ever amid US Sanctions

Iran United States Tehran
People walk on the sidewalk in Ferdowsi Street, Tehran, Iran, Sunday, June 12, 2022. (AP)

Iran’s currency Sunday dropped to its lowest value ever as talks to revive the country's tattered nuclear deal with world powers remained deadlocked.

Traders in Tehran exchanged the rial at 332,000 to the US dollar, up from 327,500 on Saturday. That marked more than a 4.4% change compared to June 1 when it traded at 318,000 to the dollar.

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