The Iranian rial plunged to new depths against the US dollar on Monday in what economists said was a slump partly induced by the Middle East's deadliest coronavirus outbreak. At Tehran's foreign exchange hub on Ferdowsi Street, the currency was being traded at around 192,800 to the dollar at midday, according to AFP journalists. The rial has hit rock bottom in the past month, collapsing even below the 190,000 rate it fell to in the wake of the US decision in 2018 to withdraw from the Iran nuclear deal and reimpose sanctions.
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