President Trump said Saturday evening that he is destroying the Iranian currency, citing the dollar's rise from 90,000 toman at the start of his presidency to 190,000 toman, according to reports. The statement follows his earlier remarks on the Iranian economy.
President Trump escalated his economic rhetoric against Iran tonight, providing specific figures for the collapse of the Iranian currency. Speaking at 22:14 Jerusalem, Trump stated that the dollar has risen to 190,000 toman, from 90,000 toman when he took office, and claimed he is 'completely destroying' the currency. This follows his earlier remarks at 21:12 Jerusalem, in which he first said he is destroying the Iranian economy, then moments later said he is destroying the currency.
The thread began at 21:12 Jerusalem Saturday evening, when Trump's initial statement on the economy was reported by Abu Ali Express and quickly followed by a second statement on the currency. The Zioneer reported both immediately. The latest update, at 22:14, provides the first specific exchange rate figures from the President. The Iranian rial has been under severe pressure for weeks. As The Zioneer reported on July 20, the rial had fallen to a record low of 1.95 million to the dollar (195,000 toman). On July 8, it was at 1.8 million after Trump's remarks on a memorandum of understanding with Iran. The currency has lost substantial value amid the ongoing US maximum pressure campaign.
The economic pressure is part of a broader strategy. The Zioneer has reported on Trump's claims of destroying Iran's military capabilities, including a July 5 statement that the US 'destroyed the Iranian army and sank its navy,' and a June 8 assessment that Iran retains only 22% of its missile stockpile. Trump has warned of disproportionate responses to any Iranian aggression.
The specific context of tonight's remarks—whether they were made in an interview, a speech, or a social media post—has not been fully detailed. Independent confirmation of the exchange rate at the time of his statement is not yet available, and there has been no immediate response from Iranian officials.
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