The Iranian rial has reached a record low, dropping over 10% since Donald Trump's election victory in November. This poses new challenges for Tehran as it continues to face conflicts in the Middle East. Iran's Central Bank has attempted to improve the rate by injecting $220 million into the currency market. The currency's decline is worsened by an energy crisis caused by severe winter conditions and underinvestment in the energy sector.
image sourced from original article at https://www.dailymail.co.uk/wires/ap/article-14205117/Irans-rial-hits-record-low-battered-regional-tensions-energy-crisis.htmlOriginal article source: https://www.dailymail.co.uk/wires/ap/article-14205117/Irans-rial-hits-record-low-battered-regional-tensions-energy-crisis.html
Source Id: 2024-12-579336882
