Iran’s Currency Plummets as Trump’s Victory Sparks Fears of Instability
Iran’s currency, the rial, has plummeted to an all-time low against the US dollar following Donald Trump’s victory in the US presidential election. This dramatic drop, from a rate of roughly 17,000 rials to the dollar in 2012 to a staggering 700,000 rials today, has sent shockwaves through the Iranian economy.
While some see this as a positive development, arguing that it might weaken the Iranian regime and potentially lead to the downfall of its “morality police,” others express concern for the Iranian people who are now bearing the brunt of the economic turmoil. The impact on everyday lives is significant, with rising prices for essential goods and services, making it increasingly difficult for ordinary citizens to make ends meet.… Continue reading
Matt Underwood