The dollar price reached 34,000 tomans
The dollar price reached 34,000 tomans. Reports from domestic media about the Tehran currency market indicate a record-breaking dollar in the open 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 rapidly approaching their historical records with a steep upward trend, and it is likely that today the record price of precious metals will also be broken.
According to published reports, the dollar in the Tehran currency market is currently being traded at over 34,250 tomans. The new design of the full Bahar Azadi coin is also being bought and sold in the range close to 16 million tomans.
Each gram of 18-carat gold is also being traded at over 1,390,000 tomans in Sabzeh Meydan, Tehran. With this situation and also observations published by some media 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 jump for the dollar price in the coming days. According to these experts and Tehran currency market activists, the dollar price is very likely to approach the 38,000 toman channel in the first half of next week. Therefore, some also report the possibility of registering the 40,000 toman record for the dollar price in the Tehran currency market.
Given the risks that the market is concerned about, it can be expected that this prediction by analysts will come true 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 had so far prevented such an event. However, given the evidence transmitted from domestic markets, it can be said that the dollar price spring has slipped from the hands of the Raisi government and the Central Bank under Salehabadi.
Dollar price increase is not related to protests
State media and some newspapers close to the government and conservatives have recently reported serious damage to the economy following nationwide protests in the country. Today, it is also heard from various sources that some media have blamed the dollar price increase on the protesters, considering it the result of what they call riots.
However, experts believe that what has happened today in the currency market 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 behavior of the dollar rate in the open market currently clearly shows the footprint of the government’s and the Central Bank’s 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 registering the 40,000 toman record for the dollar price or if we will again witness reckless currency injection in the market.