The dollar price reached 34,000 Tomans

The dollar price reached 34,000 tomans

The dollar price reached 34,000 tomans. Reports from domestic media about the state of the Tehran currency market indicate a record-breaking dollar in the free market. The price announced from cash transactions of the dollar in this market indicates breaking the 34,000 toman barrier for the dollar. Coins and gold are also sharply approaching their historical records and it is likely that today the record price of precious metals will also be broken.

According to published reports, the dollar is currently being traded in the Tehran currency market at a price of more than 34,250 tomans. The new design of the full Bahar Azadi coin is also being bought and sold in the vicinity of 16 million tomans.

Each gram of 18-carat gold is also being traded in Sabzeh Meydan, Tehran, for more than 1,390,000 tomans. With this situation and also observations that some media have published about the market condition, it is expected that the price of gold and coins will also surpass their historical record today and set a new high.

40,000 toman dollar

Some currency market analysts in Iran report a high probability of a several-thousand-toman leap for the dollar price in the coming days. According to this group of experts and currency market activists in Tehran, it is very likely that the dollar price will approach the 38,000 toman channel in the first half of next week. Therefore, some also report the possibility of recording a 40,000 toman record for the dollar price in the Tehran currency market.

Considering the risks that the market is concerned about, it can be expected that this forecast by analysts will materialize in the short term. Even the most optimistic economists consider the likelihood of an imminent and extensive jump in the dollar rate to be very high. However, this group believes that this jump should have started two months ago, simultaneously with the complete halt of the JCPOA negotiations.

But government interventions in the market and the Central Bank’s currency injection have so far prevented such a thing. However, given the evidence being transmitted from domestic markets, it can be said that the spring of the dollar price has slipped from the grasp of the Raisi government and the Central Bank of Saleh Abadi.

The increase in the dollar price is not related to protests

State media and some newspapers close to the government and conservatives in recent days have reported serious damage to the economy following nationwide protests in the country. Today, it is also heard from various corners that some media have blamed the increase in the dollar price on the protesters and have attributed it to what they call riots.

However, experts believe that what has happened in the currency market today is the natural result of the policies that the Raisi government has implemented over the past year. In fact, the government intends to use this issue as a pretext to shirk responsibility and blame the protesters. However, the current behavior of the dollar rate in the free market clearly reveals the footprints of government and Central Bank policies in this area.

Now we must wait and see how far the upward trend of the dollar rate will continue and whether the Raisi government will succeed in recording a 40,000 toman rate for the dollar or if we will witness another round of uncontrolled currency injection in the market.