Iran, Economy

Iran's currency dropping the more Israel hits Hezbollah

Iran International reports that Iran's currency has dropped 3.3% in value since last week following Israel's string of successful hits against Hezbollah.

Iranian Rial. (Photo: RODWORKS/Shutterstock)

Not just Israel: Iran's currency is reportedly taking a serious hit from Israel's successful attacks against Hezbollah, according to a report by Iran International.

Iran's currency, the rial, has reportedly dropped 3.3% in value since last week following the IDF's intensive strikes against Hezbollah, not only destroying much of its rocket and missile arsenal, but also eliminating most of its senior and operational staff, including leader Hassan Nasrallah himself.

The mass explosion of Hezbollah pagers and walkie talkies also hit the Iranian currency here.

Iran has been consistently suffering serious economic woes for years under western sanctions, including serious inflationary rates of 40-50%, with protests and strikes repeatedly occuring throughout the country.

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