NEWSRAEL: Sanctions on Iran are working - against the Iranian people. The government can make it since the USA and EU close their eyes to their actions.
In the last two days, the dollar exchange rate is once again strengthening in Iran and reaches a peak of about 612,000 Rials.
This happens precisely after last week the exchange rate dropped to around 590,000 riyals. So - what happened?
First, the upcoming Persian New Year season is also the travel season for Iranians. Since the regime restricts the purchase of dollars through official channels, Iranians are forced to "supplement" their dollar inventory on the black market.
The supply is not large since there are not enough dollars in the market and this is what raises its price.
Also, what further increases the dollar rate is the latest threat from the G7 countries.
They warned the Ayatollah regime that if it sold ballistic missiles to Russia, then an air embargo would be announced on Iran. This puts pressure on the Iranians who already want to buy the dollars.