Iran rial hits record low around 146,000 against dollar

Iran rial extended its slide on Wednesday, hitting a record low around 146,000 against the dollar, according to foreign exchange websites, as the country's economic fortunes ebb following the reimposition of sanctions by the United States.
The dollar was being offered for 146,500 rials compared to about 138,000 rials on Tuesday, according to website which tracks the unofficial market. Website also quoted 146,500, while gave an exchange rate of 144,000.