15:02 - 6.11.2024

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November 6, Fineko/abc.az. The value of Iran's national currency against the dollar has reached a historic low of 70,000 tumans, and compared with the beginning of this year, the value of the rial to the dollar has fallen by 27%.

ABC.AZ reports, referring to Telegram channel Free Iran.

Against the background of the conflict between Hezbollah and Israel, the Iranian rial fell sharply against the US dollar.

Investors say that the decline in the value of the rial is linked with increased military tensions between Iran and Israel and that the devaluation will continue.

Today, after Republican candidate Donald Trump won the presidential election and was elected the 47th president of the U.S., depreciation of the rial accelerated somewhat.