Iran’s currency reached all-time low after Trump’s election victory

After Trump secured victory in the U.S. presidential election, the value of Iran’s currency dropped to the lowest it’s ever been.

“The rial traded at 703,000 rials to the dollar” on Wednesday morning, though “recovering slightly later in the day to 696,150 to $1,” the Associated Press reported.

The drop in the value of the currency signals concerns in Iran regarding its future in the context of a Trump-led America.

Trump has repeatedly taken a strong stance against the Iranian regime, and made it clear that he will not allow Iran to acquire nuclear weapons.

During his presidency, Trump acted upon his words by withdrawing the United States from the Iran nuclear deal entered into by the Obama administration.

Throughout his presidential campaign, Trump argued that the Oct. 7 attacks from Iran-funded Hamas would never have happened were he president, because under his administration “Iran was broke.”

Trump has also stated he believes Iran may be involved in the recent attempts to assassinate him, and said that President Joe Biden should threaten to destroy Iran if it harms him.

“If I were the president, I would inform the threatening country, in this case, Iran, that if you do anything to harm this person, we are going to blow your largest cities and the country itself to smithereens,” he said, arguing that after such a statement “there would be no more threats” from Iran.

Despite his firm opposition to the Iranian regime and his pro-Israel stance, Trump has said he does not support regime change in Iran.

Asked by podcaster Patrick Bet-David if he wanted regime change in Iran, Trump said “we can’t get totally involved in all that. We can’t run ourselves, let’s face it.”

“I would like to see Iran be very successful,” Trump added. “The only thing is, they can't have a nuclear weapon.”