Originally Posted by
Excargodog
TEHRAN, Iran (AP) — Iran’s national rial currency hit a record low Wednesday of 1.8 million to the dollar as a
shaky ceasefire with the U.S. and Israel holds.
The rial had remained stable in the early weeks of the war that began Feb. 28, in part because there was little trading or imports.
The rial began to slide two days ago. Experts warn that its fall is likely to further
fuel inflation in a country where many imported goods, from food and medicine to electronics and raw materials, are affected by the dollar rate.
A U.S. naval blockade during the ceasefire has increased pressure on Iran’s already battered economy, cutting into a key source of government revenue and hard currency by stopping or intercepting oil shipments.
Pakistani Prime Minister Shehbaz Sharif said Wednesday his government was continuing efforts to help ease tensions between the U.S and Iran following an initial round of direct talks on April 11.
Iran will ride this out longer than the will of the American people to ride this out.
The difference between sitting on your couch and dropping bombs thousands of miles away. Versus. Having 2 countries drop bombs on your country, kill your leadership, threaten to annihilate you and your infrastructure while in the same breath encouraging you to “uprise.” Iranians are Iranians first. Their hatred of the Ayatollah leadership is far less than their hatred of being bombed and threatened by the United States and Israel.
Good luck trying to ride this out with the Persian empire. They have far more patience than the typical American voter.