17 hours ago
Iran's Rial Hits Record Low as Trump Nears U.S. Presidency Victory
Asianfin -- Iran's currency, the rial, on Wednesday plummeted to an all-time low, trading at 703,000 rials to the U.S. dollar, as former President Donald Trump appeared set to reclaim the presidency. This marks a stark contrast to 2015, when the rial was valued at 32,000 to the dollar following Iran's landmark nuclear deal with world powers. Trump's decision to unilaterally withdraw the U.S. from the agreement in 2018 sparked ongoing tensions between the two nations, tensions that continue to this day.
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