evidence: The Trump administration’s sanctions had a drastic impact on Iran’s economy. Iran capped its official exchange rate against the U.S. dollar at 42,000 Rials/Dollar, however, because of the sanctions, at the real unofficial exchange rate, Iran’s Rial was actually worth much less. In 2020, analysts estimate that the unofficial exchange rate reached 255,000 Rials/Dollar. [...] The above charts show that Iran has gotten substantially richer over Biden’s first year in office—partly due to high oil prices but also due to the increased export volumes. An International Monetary Fund (IMF) report published at the end of 2021 shows that Iran’s foreign currency reserves more than doubled from a low of $12.4 billion in 2020 to a projected $31.4 billion in 2021. While it got richer, it increased attacks on the U.S. and its allies and remained intransigent in the nuclear negotiations. Given its revenue gains, Iran had less of an incentive to cooperate with U.S. demands. Iran’s sale of oil does more than diminish U.S. leverage in the nuclear negotiations, it allows the Islamic Republic to fund a U.S.-designated terrorist organization, the IRGC, and finance its network of terror proxies. [...] [4] These numbers were taken from an Iran International report found here. They were calculated at the unofficial exchange rate of 255,000 Rials/Dollar.