The dollar hit a record high and reached 61,300 tomans.
With the end of the official Nowruz holidays in Iran, the exchange rate in Iran’s free market increased and surpassed 61,000 tomans, setting a record.
In this morning’s trading, the price of each US dollar reached 61,300 tomans, marking a new record.
Each euro was traded for over 66,000 tomans and each British pound for over 77,000 tomans today.
Banks and offices in Iran started working from yesterday, Sunday, March 25th, but not all exchange offices have resumed their normal activities yet.
Part of this price increase is due to the rise in demand for foreign currency after the four-day Nowruz holiday.
Early last March, the Central Bank of Iran, aiming to reduce currency market tensions, increased the travel currency quota from a maximum of 500 euros to 1,000 euros, but at the end of the year, it reverted this ceiling back to 500 euros.
In the past solar year, for various reasons including Middle East tensions and attacks on tankers in the Red Sea, as well as concerns about their implications for Iran, the exchange rate in Iran’s free market experienced a surge.
