Three weeks after nuclear talks in Vienna failed to put an end to the 12-year nuclear standoff between Iran and the West, forex and the stock and gold markets in Tehran are still nosediving, with Iran's monetary officials struggling to control the negative sentiment.
The rial lost over 3,200 against the dollar and traded at 35,600 on Nov. 30, its lowest value against the dollar since President Hassan Rouhani took office more than a year ago. The rial's depreciation came six days after Iran and the six world powers (China, France, Germany, Russia, the United Kingdom and the United States), known as the P5+1, agreed to extend talks, a decision that means seven more months of economic sanctions.
