Originally published at: https://www.hannity.com/media-room/tense-in-tehran-irans-currency-hits-all-time-low-plummets-50-in-4-months/
Iran’s currency plummeted to an all-time low this week, prompting leaders in Tehran to question the country’s response to strong US sanctions after the Trump administration withdrew from the international nuclear agreement.
According to France 24, the Iranian currency plunged to an exchange rate of 102,000 rials to just $1; losing over “half its value” in four months
“The currency collapse was encouraged by the US announcement in May that it was pulling out of the 2015 nuclear deal, that lifted certain sanctions in exchange for curbs to Iran’s atomic programme,” writes France 24. “The US is set to reimpose its full range of sanctions in two stages on August 6 and November 4, forcing many foreign firms to cut off business with Iran.”
The Islamic Republic has struggled to contain nationwide protests in recent months, with Iranian citizens taking to the streets to demonstrate against the regime’s inability to cope with the escalating currency crisis and a shortage of drinking water.
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