The Oppressive Iranian Regime Doron Peskin, Middle East Expert MAR 26, 2025
Iranian currency at historic low – why are extremists happy?
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On the first day of the resumption of trading in the Persian New Year today, the Iranian rial exchange rate fell to an unprecedented low on the free (black) market – over a million (or 100,000 tomans) for 1 dollar.
This is a psychological barrier and I will expand on the implications in another article. The strengthening of the dollar indicates the fear in Iran of a possible American attack or increased sanctions.
Despite this, those who celebrated this low were the ultra-conservative camp in Iran.
The newspaper that reflects the positions of this stream, “Kayhan,” published in its headline the news that a dollar is currently worth over a million rials (1,020,500, to be precise).
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