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A month and a half ago 👆, at the beginning of November, the Iranian rial crossed the 700,000 threshold per US dollar for the first time – marking an all-time low for the Iranian currency.
And today – a new low:
740,000 Iranian rials per US dollar.
The new situation in the Middle East, with the erosion of the Iranian axis's power, alongside the imminent entry of Trump into the role of US president, is harming the value of the Iranian currency.
There are expectations for severe economic sanctions on Iran.
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BY Abu Ali Express in English
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