TEHRAN, Iran — On Wednesday, Iran’s currency, the rial, plummeted to an unprecedented low as former President Donald Trump appeared close to securing the presidency once more.

The exchange rate reached 703,000 rials for every dollar.

For context, in 2015, when Iran reached its nuclear agreement with world powers, the exchange rate stood at 32,000 rials per dollar.

Trump’s decision to unilaterally pull the United States out of the nuclear deal in 2018 triggered years of escalating tensions between the two nations, a situation that continues to this day.