Iran's currency plummets post-election

This is a Iran news story, published by The Conversation, that relates primarily to Nader news.

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Iranian economy

The Conversation

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Iran’s currency was already tumbling − and then news of Trump’s victory broke

Summary

Nutrition label

76% Informative

Iran ’s currency, the rial, fell to an all-time low on Nov. 6 trading at above 700,000 rials to the dollar.

Nader Habibi: The Iranian economy was already in a perilous state due in large part to the ongoing impact of U.S.-led sanctions on Tehran and ongoing anxiety over the conflict in the Middle East .

Iran has downplayed any impact of the U.S. election on its economy.

But this appears to be posturing by Iran ’s leaders. They want to minimize the impact that Trump ’s victory may have on their economy.

This might not prove effective and we might see even more devaluation of Iranian currency in the coming weeks .

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Neutral language

Article tone

formal

Language

English

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Offensive language