Continued Rise in Dollar Prices in the Free Market
While the discovered rate for each dollar bill at the national currency and gold exchange center was recorded in the mid-range of the 41,000 Toman price channel, the said currency rate advanced in Tehran’s free market transactions. Currency analysts attributed one of the reasons for the free dollar’s disregard for the new rate introduced by the Central Bank to the increased complexity of accessing official currency and the reduction in market supply volume. This is because, under these conditions, official transactions can no longer meet the majority of the market’s minor demands, forcing individuals to resort to buying and selling in unofficial transactions. Consequently, with the increase in demand for unofficial currency, the currency rate in such transactions will rise again.
