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Iran's Currency Crashes. Shortages and Fears Rise.
Iran’s rial fell to a record low on Wednesday, part of a staggering 140 percent drop in the currency’s value since the United States pulled out of the nuclear deal only four months ago. Those who went to work at the start of the Iranian week on Saturday saw their money shed a quarter of its value by the time they left the office on Wednesday. Signs of the currency chaos can be seen everywhere in Tehran: Worried residents lined up outside beleaguered money changers, travel agents offered vacation prices only in hard currency, and diapers disappeared from store shelves. Many exchange shops in downtown Tehran simply ... (full story)