Live Update 
From the Liveblog of
Sunday, December 11, 2022
From the Liveblog of
Sunday, December 11, 2022
Iran’s currency falls to record low against the dollar
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In this photo from August 8, 2018, a man exchanges Iranian rials for US dollars at an exchange shop in the Iranian capital Tehran. (AFP Photo/Atta Kenare)
Iran’s currency falls to a record low against the dollar, with nationwide anti-government protests now in their third month. A breakdown in negotiations to restore Tehran’s nuclear deal has also hurt the value of the rial.
Traders in Tehran are exchanging the rial at around 370,000 to the dollar today, up from 368,000 on Thursday. Iran’s currency was trading at 32,000 rials to the dollar at the time of the 2015 nuclear accord that dropped international sanctions in exchange for tight controls on Iran’s nuclear program.
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