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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What Ceasefire? ‘Heavy Clashes’ In South Lebanon As Beirut Buildings Leveled

What Ceasefire? ‘Heavy Clashes’ In South Lebanon As Beirut Buildings Leveled

Despite all the recent talk of a potential ceasefire between Hezbollah and Israel in the works, regional reports say that some of the fiercest ground fighting is currently taking place in southern Lebanon on Friday.

Heavy Israeli aerial bombardments of the southern suburbs of Beirut have also continued with intensity. On Friday an Israeli missile completely leveled a residential multi-story in the neighborhood of Chiyah. Israel’s military reportedly issued a civilian evacuation alert shortly before, and terrifying video from the scene suggests locals knew it was about to be struck.

In the south of Lebanon, near the border, UN peacekeeping forces say they are monitoring “heavy clashes” on Friday, saying most of the fighting is centered in the coastal town of Naqoura as well as the village of Chamaa.

There are also emerging reports which say four Italian soldiers were injured after two rockets hit a UNIFIL base in Chamaa. Italy’s deputy prime minister has said Hezbollah was likely behind the rocket firing: “There were believed to be two missiles, from what it appears, they are believed to have been launched by Hezbollah.”

Prime Minister Giorgia Meloni issued a statement of “deep indignation and concern” over “new attacks suffered by the Italian headquarters of UNIFIL in southern Lebanon.”

“These attacks are unacceptable,” she stated, adding that “the parties on the ground to guarantee, at all times, the safety of UNIFIL soldiers and to collaborate to quickly identify those responsible.”

“We are aware of heavy shelling in the vicinity of our bases,” UNIFIL spokesman Andrea Tenenti has said, saying that since the incident all UN troops appear to be safe “for the moment”.

Up until now, the UNIFIL has claimed its command posts came under attack by Israeli forces, including IDF tanks, several times. This appears to be the first time that Hezbollah fired on UN locations.

IDF forces earlier this week reached their deepest point into Lebanon since the ground invasion began, in the countryside vicinity of the port city of Tyre, which has been pummeled by airstrikes.

UNIFIL base (in the background) in Chamaa, Lebanon. Wiki Commons

Israel has repeatedly demanded that the UNIFIL troops withdraw – requests which have been refused. This puts the UNIFIL outposts in the direct line of fire as the war encircles their positions.

“UNIFIL strongly urges combating parties to avoid fighting next to its positions. Inviolability of UN premises and personnel must be respected at all times,” a Friday statement said.

Tyler Durden
Fri, 11/22/2024 – 18:00

Ukraine seeking new air-defence systems after latest Russian strike: Zelensky

Ukraine is asking its Western partners for updated air defence systems after Russia fired an ultra-fast ballistic missile at the city of Dnipro this week, President Volodymyr Zelensky said Friday. “Ukraine’s defence minister is already holding meetings with our partners on new air defence systems — exactly the kind of systems that can protect lives […]

The post Ukraine seeking new air-defence systems after latest Russian strike: Zelensky appeared first on Insider Paper.

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