🔻Record-breaking continues; the dollar in the free market nears 270,000 tomans

The rise in the price of the dollar in Iran’s currency market continues, and with the start of trading on the first day of the week, it recorded a new record.

This afternoon, the dollar traded above 268,000 tomans, and each euro rose to more than 302,000 tomans, while the pound reached about 355,000 tomans.

At this same time last year, the dollar’s price in the free market was about 117,000 tomans.

The increase in exchange rates in Iran comes as the Iranian government, since last week, has been trying to rein in the currency market by gradually offering two billion dollar bills.

With no positive economic outlook, the failure of the Iran-U.S. negotiations to reach results, and uncertainty about the end of the war, many speculative funds have been directed toward parallel markets such as foreign exchange and gold.

The rise in the exchange rate has been continuing for months, and many business owners say the increase in the exchange rate has caused them to be unable to sell their goods even if they have customers, because they must buy the same items at a higher price.

Hashtags: ["BBC Persian"]