Iranian currency at historic low – why are extremists happy?

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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#Middle East Economic News #Oppressive Iranian Regime
Comments
Aliza Circle 21:43 26.03.2025
Why does he looks so subdued?
VRR Media 13:40 26.03.2025
This journalist wrote 100,000 - missing THREE zeros in the conversion. Pathetic editing here!
ronald singer 11:38 26.03.2025
Islam is master of the art of lying. It’s the snake in “Jungle Book”, saying, “Trust in me”!
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