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Iranian Rial Plunges as U.S. Sanctions Loom
(Reuters) The Iranian rial plunged to a record low on Sunday, amid fears of returning U.S. sanctions. The dollar was being offered for as much as 87,000 rials, compared to 75,500 on Thursday, according to foreign exchange website Bonbast.com, which tracks the unofficial market. Just before Trump's announcement of the U.S. withdrawal from the nuclear deal in early May, the rial had weakened to 65,000 rials from 42,890 at the end of last year.