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Iranian currency tumbles further in wake of nuclear extension

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The exchange rate for the dollar rose even higher in Tehran with every dollar being traded at 3,520 toumans on Sunday November 30 Mehr News Agency reports.

ISNA reported the dollar was traded at 3560 toumans on Sunday afternoon which is the highest rate of exchange for the dollar since Hassan Rohani took power last year.

The steep fall in the value of the Iranian currency began when the nuclear negotiations in Vienna were extended for another 8 months last week.

The Minister of Economy however has announced that these fluctuations were not representative of any major changes in the economy and the currency market would reach stability soon.

Radio Zamaneh