Iran’s Currency Hits Record Low Following Trump’s Re-election

Iran’s currency, the rial, reached a historic low on Wednesday, trading at 703,000 rials to the U.S. dollar after Donald Trump’s re-election as President. The plunge signals intensified financial strain for Iran, as it grapples with economic challenges and ongoing regional conflicts.

Market observers noted that the Central Bank of Iran may attempt to stabilize the rial by releasing additional hard currency into the market, a strategy employed in past currency crises.

The currency’s sharp devaluation has sparked concern across Tehran, where the economic outlook appears increasingly uncertain. Many Iranians are bracing for potential escalations in U.S. sanctions and further economic pressure, casting a shadow over daily life and business.