Iran preoccupied by plunging currency

Tehran (AFP) Dec 21, 2011 Iranian officials, lawmakers and media on Wednesday worriedly snapped their focus on to their country's sanctions-hit economy amid a sudden and accelerating plunge in the currency. The currency, the rial, was trading at 15,800 to the dollar - its lowest point ever, and an indication of the fragility of the economy as ramped-up Western sanctions bit. Concerned lawmakers ...