Originally published at: ON THE BRINK: Iranian Currency HITS ALL TIME LOW, Down 25% in One Week | Sean Hannity
Leaders in Tehran continued to struggle with the country’s failing economy and financial collapse this week, with the Iranian currency hitting an all-time low against the US dollar as the Trump administration ratchets up harsh sanctions against the Islamic Republic.
According to the Associated Press, the Iranian rial ended its weekly trading figures against the dollar at a stunning rate of 150,000 rials to just $1; the lowest level on record.
“The collapse of Iran’s currency has been fanned by President Donald Trump’s decision to pull America out of the nuclear deal with world powers in May. That’s despite the United Nations acknowledging Tehran still abides by the deal’s terms, which saw it limit its enrichment of uranium in exchange for the lifting of economic sanctions,” writes the AP.
Iranian President Rouhani publicly blamed President Trump for the country’s financial crisis last week; saying “anti-Iranian agents in the White House” were directly responsible for the currency’s stunning low.
Read the full report at the AP.
