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 ...
It is only prudent to “review existing policy” and consider various options, including military. Doesn’t mean he’s planning on going to war. I am confident he intends to keep the troops at home.
Un-rial!
To put things in perspective, the exchange rate was about 77 Iranian Rial to 1 USD in December 1978, some months before the Islamic Revolution. That means the Rial has been reduced by over 10,000x its value over the past 4 and a half decades.
The Iranian people don’t deserve this. I hope the end of the Mullahs is near.
Mulla-bux are like monopoly money?
Go to Tehran with a couple thousand bucks and be an Iranian billionaire!!
FReeper Allahu Akhbar Chorus deeply saddened.
Winning!
Its all good and Trump hasn’t even been sworn in yet. 😏
More winning.
Multiply that by the loss in value of the Dollar over the same period.....
I was gonna put in my two cents’ worth, but it sounds more authoritative when it’s my 15,540 rials’ worth.
7,270 rials for your thoughts.
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