Iran’s currency plunges to historic low as Tehran turns off the street lights
The value of the Iranian currency, the rial, fell to its lowest level ever on Wednesday, after losing more than 10% of its value since Donald Trump’s victory in the U.S. presidential election in November. The drop in the currency’s value comes at a time when the Islamic Republic is facing major strategic setbacks in the form of the crushing of Hezbollah’s power in Lebanon and the fall of Bashar Assad’s regime in Syria, and at the same time as Trump is making vague statements that he does not rule out an attack on its nuclear facilities.
Read more: Ynet News
