Posted on 11/06/2024 8:17:14 AM PST by frogjerk
TEHRAN, Iran (AP) — Iran’s currency fell on Wednesday to an all-time low as Donald Trump clinched the U.S. presidency again, signaling new challenges ahead for Tehran as it remains locked in the wars raging in the Middle East.
The rial traded at 703,000 rials to the dollar, traders in Tehran said, breaking through the record before recovering slightly later in the day to 696,150 to $1.
It wasn’t immediately clear what caused the rally but Iran’s Central Bank has in the past flooded the market with more hard currencies as an attempt to improve the rate.
The slide comes as the rial already faces considerable woes over its sharp slide in value — and as the mood on the streets of Tehran among some darkened.
(Excerpt) Read more at nydailynews.com ...
Does that mean Biden won’t have to pay Iran as much if they get American hostages in the next 2 months?
Stock market futures up. Iranian currency down. All economic indicators pointing in the right direction so far . . . .
Winning already! We’ll be winning so much we’ll be tired of winning.
I would not gloat too much. Puppet Biden can still do more enormous damage to the US currency. $35 trillion in debt and 20 million more illegal aliens to feed.
I thought they had billions of U.S. dollars sent to them? They can always use them.
They’d better inventory the WH dinner and silverware,
Gold is down, too — but I bought gold :(
Unfortunately, Biden has probably most of the money impounded as a result of sanctions. But they can’t count on any more from Trump. Oh, and if those 5 assassination teams from Iran are still here, this might be a good time to go home and spend more time with their families.
They spent all that on their three current wars of aggression.
1000x lower since the Iranian revolution.
No more planes full of dollars.
Mullahs on a tight budget. Pity.
Sounds like a good opportunity to go on vacation there.
Valery Jarrett, Barry Soetero, Boeing hardest hit.
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