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Iranian Rial Crashes After Trump's Win
The Iranian Rial plummeted against the US dollar following Trump's win, despite the Iranian government's assertion that the US president's identity has no impact on them.
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PoliticsInternational RelationsEconomyEnergy SecuritySanctionsInternational TradeCurrency
Iranian GovernmentUs GovernmentIranian Central Bank
Donald TrumpFatema MohajeraniMesud PezeşkiyanIbrahim Reisi
- How did the Iranian government react to the outcome of the US election?
- The Iranian government spokesperson, Fatema Mohajerani, stated that the identity of the US president has no impact on Iran.
- How has the value of the Iranian Rial changed since the 2015 nuclear deal?
- In 2015, during the nuclear deal, 1 dollar was worth 32,000 rials; in July 2024, it had increased to 584,000 rials, highlighting the economic volatility Iran has faced.
- What is the current exchange rate of the Iranian Rial against the US Dollar?
- The Rial reached its all-time low against the dollar, trading at 703,000 rials per dollar in Tehran, though the rate is expected to fluctuate.
- What is the economic impact of the falling Iranian Rial on the Iranian population?
- The decline in the value of the Iranian currency creates a bleak outlook for the Iranian people, who are already grappling with economic hardships.
- What was the immediate impact of Donald Trump's confirmed US presidential win on the Iranian Rial?
- Following Donald Trump's confirmed win in the US presidential election, the Iranian Rial experienced a historic plunge against the US Dollar.