THE HILL
Iran’s currency is in free fall — time for the US to exploit it
by Richard Goldberg and Saeed Ghasseminejad
April 11, 2018

The Iranian rial plummeted this weekend to a record low of 58,880 to the dollar.  Usually, economic surprises are what drive a currency aggressively downward. But not this time. Rather, it was in large part a response to the news that President Trump selected John Bolton as his national security advisor. Since last month’s announcement, the rial has lost 20 percent of its value, almost 15 percent of it in just the recent days. This week, as Bolton assumes his new role, the Iranian market fears the U.S. will pivot to more aggressive policies aimed at curbing Iran’s regional expansionism. READ MORE

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