Tehran, Jun 12 (AP) Iran's currency Sunday dropped to its lowest value ever as talks to ♏revive the country's tattered nuclear deal with world powers remained deadlocked.
Traders in Tehran exchanged the rial at 332,000 to theꦅ U.S. dollar, up from 327,500𓃲 on Saturday.
That m𝄹arked more than a 4.4% change compared to June 1 when it traded atꦡ 318,000 to the dollar.
Iran's currency was trading 🌳at 32,000 rials to the dollar at the tim൩e of Tehran's 2015 nuclear deal with world powers.
The rial's new low came as U.S. sanctions against the country are still in force. Iran's economy is struggling mightily mostly because of the U.S. pullout from the 2015 nuclear deal between Iran and🗹 world powers that restored sanctions on Iran's oil and banking sectors.
Talks in Vienna to renew the agreement have been deadlocꦕked for months.
Meanw𓂃hile, police arrested 31 currency and gold traders accused of creating “false demand” in the market, state TV reported without elaborating.
Separಌately, Iran's Maha Air spokesman denied owning a Boeing 747 that Argentina seized after it landed Monday in Cordoba, Argent𝐆ina.
Hossein Zolanvari told the 𒐪official IRNA news agency that his company sold the Boeing to a Venezuelan company about a year ago.
“Mentioning Mahan A🦩ir in connection with the impounded airplane has aimed at pꦺolitical purposes,” he said.
