Markets

Iran currency plunges 17pc in one day: website

Published October 1, 2012 Updated October 1, 2012 02:00pm

 

The currency, the rial, weakened to 34,500 to the dollar by the end of the day's trading, according to the Mesghal.com website, a drop of 16.6 percent compared to the previous day's rate of 29,600. 

 

The Mehr news agency said the rial fell 18 percent to 35,000.

Copyright AFP (Agence France-Presse), 2012