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Iran rial plunges to new low after Trump decides to leave nuclear deal

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Reuters  |  DUBAI 

By Andrew TorchiaDUBAI (Reuters) - The Iranian rial plunged to a record low against the U.S. dollar in the free market on Wednesday after U.S. President Donald Trump decided to withdraw from a deal on Tehran's nuclear programme, fuelling fears of an economic crisis in Iran.The dollar was being offered for as much as 75,000 rials, compared to around 65,000 just before Trump announced his decision on Tuesday night, according to foreign exchange website Bonbast.com (https://www.bonbast.com), which tracks the free market.Dealers in Tehran quoted similar levels on Wednesday, according to an ...

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First Published: Wed, May 09 2018. 16:59 IST
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