Iranian government spokesperson, Fatemeh Mohajerani, told reporters on Wednesday that for the Islamic Republic, it does not matter who the President of the United States is.
Then following President Trump’s election victory the Iranian rial fell to an all-time low of 703,000 rials to one dollar on Wednesday.
Iranian Rial fell to an all time low of 703,000 rials to the dollar. This decline comes as Donald Trump runs for U.S presidency again, exacerbating tensions due to his 2018 withdrawal from the Iran nuclear deal.#USAElection2024 #USAElections2024 #USA2024 #USAElections
— Finance Trend (@SunilNagesia22) November 7, 2024
It is quite amazing how quickly this happened after President Trump’s victory.
Panic in Iran after President Trump Victory
Iran currency Rial falls to all-time low as Trump Clinches US President.
Iranian Rial goes on record low,
1$ = 700000 Rial
1₹= 500 RialThe US president can give full support to Israel to attack Iran. pic.twitter.com/lf7f9n1rtl
— Deepak Rai (@DeepakRai98836) November 6, 2024
The Times of Israel reported:
Iran’s currency fell on Wednesday to an all-time low as former president Donald Trump apparently clinched the US presidency again, signaling new challenges ahead for Tehran as it remains locked in the wars raging in the Middle East.
The rial traded at 703,000 to the dollar, traders in Tehran said. The rate could still change throughout the day. Iran’s Central Bank could flood the market with more hard currencies as an attempt to improve the rate, as it has done in the past.
The slide comes as the rial already faces considerable woes over its sharp slide in value — and as the mood among some on the streets of Tehran darkened.
“One hundred percent he will intensify the sanctions,” said Amir Aghaeian, a 22-year-old student. “Things that are not in our favor will be worse. Our economy and social situation will surely get worse.”
He added: “I feel the country is going to blow up.”
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