Iranian currency falls to historic low after Donald Trump named next president of the United States


On Wednesday, Iran’s currency plummeted to a historic low as Donald Trump reclaimed the presidency of the United States. The rial traded at 703,000 rials to the dollar, surpassing the previous record. However, it recovered marginally later in the day, reaching 696,150 rials to each US dollar, the AP reported.

This development suggests that Tehran will face new obstacles as it continues to be embroiled in the ongoing conflicts in the Middle East. Some Iranians are concerned that the president-elect would impose sanctions on Iran after moving into the White House in 2025, further devaluing the country’s currency.

“One-hundred percent he will intensify the sanctions,” Amir Aghain, a 22-year-old student, told the paper. “Things that are not in our favor will be worse. Our economy and social situation will surely get worse. I feel the country is going to blow up.”

The rial held a value of $32,000 to $1 at the time of Iran’s nuclear agreement with the world powers in 2015. The rate was 584,000 to $1 on July 30, the day that Iran’s reformist President Masoud Pezeshkian was sworn in and began his tenure.

In 2018, Trump withdrew the United States from the accord, which sparked a series of ongoing tensions between the two nations. For years, Iran’s economy has been afflicted by the crippling international sanctions imposed in response to its swiftly progressing nuclear program, which is currently enriching uranium to nearly weapons-grade levels.

Despite the concerns among some residents, Iranian government spokesperson Fatemeh Mohajerani downplayed the concerns in a press briefing on Wednesday and said: “The election of the US president doesn’t have anything specifically to do with us. The major policies of America and the Islamic Republic are fixed, and they won’t heavily change people replacing others. We have already made necessary preparations in advance.”
This Story originally came from humanevents.com

 


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Hurricane Rafael Public Advisory Number 13A

…CENTER OF RAFAEL MOVING OVER THE SOUTHEASTERN GULF OF MEXICO…
…8 PM EST POSITION UPDATE…
Location: 23.3°N 83.3°W
Max sustained: 105 mph
Moving: NW at 14 mph
Min pressure: 968 mb

Issued at 700 PM EST Wed Nov 06 2024

Dave Smith: Will Trump Be Able To End The War In Ukraine?

Dave Smith: Will Trump Be Able To End The War In Ukraine?

At a recent pre-election speaking and podcast event, comedian and Libertarian political commentator Dave Smith expressed his view that it is very realistic that the next President Donald Trump could successfully negotiate an end to the Ukraine war

Smith’s view is optimistic, as he articulated that he believes Trump’s expressed desire to end wars in Ukraine and Gaza is genuine. But Smith also laid out that much depends on who Trump puts around him in top national security positions. Below is the hard-hitting segment featuring the prominent commentator addressing the question: will Trump be able to end the war in Ukraine?

Below are Dave Smith’s words from the segment on Trump and Ukraine below [emphasis ZH]…

“Why the hell are we even expanding our military alliance to Ukraine? And listen, Donald Trump always says that the war ‘never would have happened if I was president, and I would negotiate an end to this.’

And I gotta say I think he’s right about that. I don’t think the war would have happened if he was president – I think he will negotiate an end to it.

I don’t think he’s right that Hamas wouldn’t have attacked Israel if he was president – that seems kind of ridiculous to me. But he’s right: the Ukraine war could be over tomorrow if American wanted to negotiated a peace to it.

Vladimir Putin has been trying to the entire time… 

Well the question becomes who does Donald Trump put around him? If Donald Trump puts Mike Pompeo, aka Liz Cheney’s pick for Defense Secretary… if he puts John Bolton, aka Hillary Clinton’s pick for national security adviser – then maybe not, maybe it doesn’t happen.

But if he listens to Tucker Carlson, and ‘Bobby’ Kennedy, and Vivek Ramaswamy, and all the smart people around him – then yes, he could negotiate an end to that war.”

Image source: Reason

* * *

Indeed, the question ultimately becomes: will Trump really keep the ‘swamp’ out of his administration this time around? We hope so.

Tyler Durden
Wed, 11/06/2024 – 18:00

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