Iranian Rial loses 40% of value against dollar

Clashes and Protest Over Iran Currency Plunge Hit Tehran

The clashes were the first instance of a violent intervention over the money-changing business in Tehran since the currency, the rial, which had been gradually losing value in recent years, dropped drastically over the past week, losing 40 percent of its worth against the dollar, to a record low.

Economists have called the rial’s plunge a stark reflection of the economic pain in Iran caused in part by government mismanagement and the Western sanctions on Iran’s disputed nuclear program. 

end quote from:

Clashes and Protest Over Iran Currency Plunge Hit Tehran

As you can see this is very serious for people who live in Iran in regard to buying foreign goods or foreign trading of anything including currency. This big of a drop will be horrific for anyone who owns Rials worldwide. So, hopefully people have already sold their Rials and won't lose 40% of their investments right off the top because historically when something like this happens it tends to get much worse before it gets better as all the Rial holders worldwide begin to panic and to sell off their currency in Rials in the millions and billions.