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Economic sanctions and the drastic drop in the value of the Rial, Iran's currency, in 2012
10/01/2012
In September alone the value of the Rial dropped by 40%. From the end of 2011 to Oct. the Rial had lost 75% of its value. In one day the currency lost 13%. The exchange rate declined to about 3 dollars for 100,000 rials.
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