Iranian rial sinks to lowest level ever following Trump's victory

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Posted on 12/18/2024 10:22:27 AM PST by Eleutheria5

The Iranian rial has sunk to its lowest value in history in the five weeks since the re-election of former US President Donald Trump, the Associated Press reported.

The rial traded at 703,000 to the dollar on November 5, the date of the 2024 U.S. presidential election. It now trades at 777,000 to the dollar, a loss of about 10 percent.

The incoming Trump Administration is expected to renew its maximum pressure campaign against Iran, including the enforcement of powerful economic sanctions.

Last week, The Wall Street Journal reported that Trump and members of his incoming administration have begun reviewing the existing American policy regarding Iran's nuclear development, and are considering direct military action to stop Iran's advances.

The Trump administration is considering several options, the first being a direct buildup of American forces in the Middle East. The USA would send additional troops, planes, and ships to the region, and possibly even begin to execute its own attacks against Iranian nuclear sites.

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(Excerpt) Read more at israelnationalnews.com ...

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Thank you very much and God bless you.

Do the economic sanctions thing, Donald. Keep the troops at home.

1 posted on 12/18/2024 10:22:27 AM PST by Eleutheria5

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