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(Reuters) Bozorgmehr Sharafedin - Iran's rial hit a record low against the U.S. dollar on Monday in a sign of concern about the country's ability to attract foreign money after U.S. president-elect Donald Trump takes office. The rial was quoted in the free market at 41,500 to the dollar, weakening from 41,250 on Sunday and 35,570 in mid-September. Inflows of foreign funds since January have been smaller than the government expected, partly because big international banks fear running into U.S. legal trouble if they deal with Iran.2016-12-27 00:00:00Full Article
Iran's Currency Hits Record Low as Trump Worries Deter Fund Inflows
(Reuters) Bozorgmehr Sharafedin - Iran's rial hit a record low against the U.S. dollar on Monday in a sign of concern about the country's ability to attract foreign money after U.S. president-elect Donald Trump takes office. The rial was quoted in the free market at 41,500 to the dollar, weakening from 41,250 on Sunday and 35,570 in mid-September. Inflows of foreign funds since January have been smaller than the government expected, partly because big international banks fear running into U.S. legal trouble if they deal with Iran.2016-12-27 00:00:00Full Article
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