Iran's rial slides against US dollar on fresh sanctions

Iran’s currency has continued to slide against the US dollar after the United States imposed fresh sanctions targeting its central bank.

According to media reports, the rial was being traded at 17,800 to the dollar by money changers in Tehran.

The US has threatened to take action against foreign financial institutions dealing with the Iranian central bank.

The central bank’s website showed the exchange rate as 11,180 rial to one US dollar.