Iran’s currency falls to an all-time low as Trump is on the verge of clinching the US presidency
TEHRAN, Iran (AP) — Iran’s currency, the rial, fell on Wednesday to an all-time low as former President Donald Trump was on the verge of clinching the U.S. presidency again.
The rial traded at 703,000 rials to the dollar.
In 2015, at the time of Iran’s nuclear deal with world powers, it was at 32,000 to $1. On July 30, the day that Iran’s reformist President Masoud Pezeshkian was sworn in and started his term, the rate was 584,000 to $1.
Trump unilaterally withdrew America from the accord in 2018.
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