Iran’s currency has hit an all-time low, and it’s largely due to the continued US sanctions that have been in place since 2018, initiated by former President Donald Trump. These sanctions have severely limited Tehran’s oil exports and access to foreign currency, dealing a significant blow to Iran’s economy......CONTINUE READING THE ARTICLE FROM THE SOURCE>>>>>
The situation has been further complicated by the stalled nuclear talks between Iran and world powers, which were supposed to curb Tehran’s nuclear program in exchange for lifting sanctions. Unfortunately, these talks have been at a standstill since September, exacerbating the economic woes.
The decline of its currency is a clear indication of the far-reaching implications of Trump’s win
The impact of Trump’s victory on Iran’s economy is undeniable. With the likelihood of relaxed sanctions looking bleak, Iran’s economic struggles are expected to continue. The decline of its currency is a clear indication of the far-reaching implications of Trump’s win.