Iran's currency plunges to a record low as US sanctions near

The Iranian rial fell below 100,000 against the US dollar for the first time.
US sanctions on Iran go into effect August 6.
Follow the rial in real time here.
Iran's currency, the rial, sank to an all-time low over the weekend, falling below 100,000 rials to the dollar, ahead of the first round of US sanctions which are set to go into effect next week.
The rial fell past 112,000 against the dollar on the black market Sunday, according to the Bonbast.com. Its value has more than halved since Apri