The rial traded at 703,000 rials to the dollar, marking an all-time low, highlighting significant economic turmoil in Iran amid ongoing Middle Eastern conflicts and U.S. sanctions.
Amir Aghaeian expressed concern, stating, 'One-hundred percent he will intensify the sanctions... I feel the country is going to blow up,' reflecting widespread anxiety over the state of the economy.
The Central Bank may resort to flooding the market with hard currencies, though years of sanctions have decimated the rial, which was 32,000 to $1 in 2015.
Fatemeh Mohajerani, a spokeswoman for the new administration, claimed, 'The election of the U.S. president doesn't have anything specifically to do with us,' attempting to downplay the implications of U.S. politics.
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