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).
This publication is contrary to the newspaper’s policy during the time of the previous president Raisi, when Kayhan attacked anyone who publishes the rial exchange rate, claiming that he was helping the West sabotage the Iranian economy. He also demanded at the time the arrest of those who publish the data.
So why the joy today? It is not about joy for the sake of the people, but a political joy.
The ultra-conservative camp wants the dismissal of the incumbent President Pazakhian and sees him as a disaster. Today they believe that everyone has received proof.