In the past seven days, Iran's rial has has lost 25% of its value; it is now, at best, worth only a quarter of what it was 18 months ago. And the freefall seems to have no end in sight.
Iran's currency, the rial, fell as much as 18% on Monday Oct 1,2012 to a record low against the US dollar.
It dropped to as much as 35,000 to the dollar, according to agencies citing currency exchange sites in the country.
The currency has reportedly lost 80% of its value since the end of 2011.
The fall suggests economic sanctions imposed over its disputed nuclear programme are hitting economic activity ever harder
Riot police in Iran have clashed with protesters in the capital over sharp falls in the currency.Scores of people gathered outside the central bank, calling for the governor to stand down, chanting anti-government slogans.Many shops in the central Grand Bazaar brought down their shutters in sympathy with the demonstrators.
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