The dollar’s price reached 50,000 tomans, and an Iranian banknote is worth just one dollar.
According to Iran Gate, reports from Tehran’s currency market indicate that the price of the US dollar has surpassed the 50,000 toman mark. According to these reports, the full Bahar Azadi coin is also on the verge of breaking the historic 30 million toman record.
According to reports from Tehran’s currency market, each US dollar has been traded at a price exceeding 50,000 tomans, setting a historic and very concerning record. This is despite experts having warned about this unprecedented surge, but the government and the central bank insisted on their previous approach.
Currency injection did not solve the problem.
The 50,000 toman record for each US dollar was set while the government had taken extensive measures to inject currency into the free market in the days leading up to February 11, marking the anniversary of the Islamic Revolution’s victory. This government action had compressed the dollar’s price spring into the 45,000 toman channel, but after the annual celebrations of the Fajr decade ended, the dollar price faced an increase of about 5,000 tomans.
The coin will reach 30 million.
The currency’s price has set a historic record of 50,000 tomans, while each full Bahar Azadi coin is on the brink of entering the 30 million toman price channel. Experts believe that given the sharp upward trend of the currency price, it is expected that the 30 million record for each Bahar Azadi coin will soon be established. In this context, it is also expected that each gram of 18-karat gold will soon be traded at a price exceeding 3 million tomans.