Iranian currency plunges to all-time low after Trump win

Iranian currency plunges to all-time low after Trump win

2024-11-06 02:00

Iranian currency plunges to all-time low after Trump winShafaq News/ The Iranian currency fell against the dollar on Wednesday to its lowest level ever, coinciding with preliminary results indicating that Republican candidate Donald Trump won the presidential race in the United States.

The Iranian currency was traded today, Wednesday, at 703 thousand riyals against one dollar.

For comparison, the US dollar was worth 32,000 Iranian rials when the nuclear deal between Iran and world powers was signed in 2015.

Then, in 2018, Donald Trump unilaterally withdrew from the nuclear deal, sparking years of tensions between Tehran and Washington that persist to this day.

shafaq.com