Winston Churchill was famously quoted as saying, “Meeting jaw to jaw is better than war.” We could also make the case that meeting, as it were, economy to economy is better than war. And, when you match the United States and our economy, not to mention our ability to place financial sanctions on rogue states like Iran, well, Iran just can’t match us.
President Trump, on resuming office, reinstanted the “maximum pressure” campaign on Iran. And it’s working. Iran’s currency, the rial, is in the basement and still sinking.
Iran’s currency hit a new low on Saturday with $1 costing 1,043,000 rials, and it could fall even further as global tensions rise.
The country had just finished celebrating Nowruz, the Persian New Year, during which stores were closed and only informal trading on the streets took place, according to the Associated Press. The outlet noted…
