Signs of the currency chaos can be seen everywhere in Tehran.
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Iran's rial fell to a record low Wednesday as worried residents of Tehran lined up outside beleaguered moneychangers, part of a staggering 140 percent drop in the currency's value since America pulled out of the nuclear deal only four months ago.Signs of the currency chaos can be seen everywhere in Tehran, where travel agents offer vacation prices only in hard currency and diapers have disappeared from store shelves – something acknowledged by the supreme leader.Many exchange shops in downtown Tehran simply turned off their electronic signs showing the current rate for the U.S. dollar, while some Iranians who wanted hard currency sought out informal money traders on street corners. Exchange shops that remained open offered 150,000 rials to the U.S. dollar.The currency has crashed along with hope many felt following the 2015 nuclear deal Iran struck with world powers, including the administration of then-President Barack Obama.In May, despite the United Nations repeatedly acknowledging Iran had lived up to the terms of the deal, U.S. President Donald Trump withdrew America from the accord.
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