The Wall Street Journal | Asa Fitch�in Dubai and�Aresu Eqbali�in Tehran: Iran�s local currency hit another record low against the U.S. dollar Monday, extending a historic slide on�concerns about new American sanctions�due to be imposed next week.

Scrambling to put a floor under the rial, Iran�s central bank late Sunday promised new measures to restore calm. It didn�t say what those measures were, but they will likely be the first major moves for the�new central bank governor�Abdolnaser Hemmati.

The rial traded at 119,000 to the U.S. dollar Monday, according to Bonbast, which tracks unofficial currency-market rates. The currency fell through the 100,000 per dollar level for the first time Sunday and has almost halved since early May.

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