Iranian rial hits record low against dollar

Help

Iran's currency, the rial, has fallen as much as 18% on Monday, bringing it to a record low against the dollar.

Iran is all but frozen out of the global banking system because of US-led sanctions designed to discourage its nuclear ambitions.

The country is unable to sell its valuable oil assets, while its reliance on imports means the price of basic supplies is rising rapidly.

BBC Persian TV's Amir Paivar reports.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.