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Iran's currency falls to all-time low as Donald Trump claims US presidency

Business Standard LogoBusiness Standard2w ago

Iran's currency falls to all-time low as Donald Trump claims US presidency - Business Standard

Quick Summary:

The slide comes as Iran's economy has struggled for years under crippling international sanctions over its rapidly advancing nuclear program, which now enriches uranium at near weapons-grade levels.

Iran's currency, the rial, fell on Wednesday to an all-time low as former President Donald Trump was on the verge of clinching the US presidency again.

On July 30, the day that Iran's reformist President Masoud Pezeshkian was sworn in and started his term, the rate was 584,000 to USD 1.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 15:03:45 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23445083

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About Business Standard

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 304 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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