Iran Rial Plummets After Trump's Election Victory

Iran's currency, the rial, plummeted to a record low of 703,000 to the US dollar following Donald Trump's victory in the US presidential election, reflecting the anticipated economic challenges under his administration. This drop in value highlights the ongoing economic struggles Iran faces due to international sanctions and regional conflicts, particularly against Israel. Iran's government has downplayed the impact of the election, stating that US policies towards Iran remain consistent regardless of the president. Despite the rial's slight recovery to 696,150 to the dollar by day's end, the Iranian economy continues to suffer from sanctions and tension in the Middle East. President Masoud Pezeshkian's administration aims to ease sanctions, though public sentiment remains skeptical about economic improvements. Meanwhile, tensions have escalated with Iran's Islamic Revolutionary Guard Corps threatening Trump, emphasizing the geopolitical instability affecting Iran's economy.