Donald Trump will be the next boss of the world’s largest economy. Yes, the American people have given their verdict. With the arrival of Donald Trump, the dollar has also become powerful. Iran has suffered the biggest loss. Yes, America has played Iran’s band without releasing missiles and rockets. According to the report, due to the rise in the dollar, a record decline has been seen in the Iranian currency. Let us also tell you what kind of data has come out regarding the dollar and Iranian currency.
Record fall in Riyal
With Donald Trump’s victory in the US presidential election, Iran’s currency Rial fell to its lifetime low on Wednesday. During trading, the price of Riyal against the dollar became 7,03,000, which is the lowest level till date. Anyway, Iran is currently very busy in the conflict with Israel. In such a situation, further fall of Riyal against Dollar is being considered as a big blow. If experts are to be believed, the dollar will rise even more in the coming days. Whose impact can be seen even more on the Riyal.
There is sourness since 2018
At the time of Iran’s nuclear deal with world powers in 2015, the value of one Riyal was 32,000 against one US dollar. Trump had unilaterally withdrawn from this agreement in 2018. This created tension between the two countries, which continues even today. Due to this tension, America had also imposed many types of sanctions on Iran. Now Iran has tension with American friend Israel. Attacks are taking place from both sides. In such a situation, Donald Trump’s victory can give a new turn to geopolitical tension in many ways.
Dollar index rises
If we talk about the dollar index, a very good rise is being seen in it. According to the data, at present the dollar index is trading at the level of 105.23 with a rise of 1.75 percent. If experts are to be believed, the dollar index can reach the level of 106.50 in the month of December. This means that the dominance of the dollar is going to be established once again among all the currencies of the world. Also, those who are talking about dedollarization are going to be speechless. In the last one month, an increase of 2.24 percent has been seen in the dollar index. An increase of about 2 percent has been seen in three months.
