U.S. hails sharp decline in value of Iranian currency as proof sanctions are working

02.10.2012                      16.Tischrei. 5773                      Sukkot 2

Iran-Sanktionen:

U.S. hails sharp decline in value of Iranian currency as proof sanctions are working

The Iranian rial plunged against the U.S. dollar in open-market trading on Monday, losing more than a quarter of its value over the past week.

A precipitous drop in Iran's currency, the rial, shows that sanctions are cutting "deeper and deeper" into its economy, the United States said on Monday, reiterating that Iran must rein in its nuclear program….