Today, Tuesday, the Iranian currency fell to less than the important psychological level of one million riyals for the dollar, at a time when customers do not see a close end to the sanctions in light of the appeal of US President Donald Trump to exert a “maximum pressure” policy on Tehran.
Trump said – earlier this month – that he sent a message to Ayatollah Ali Khamenei, and pointed out that Tehran’s nuclear program can be dealt with militarily or negotiated.
Khamenei refused the American invitation to hold talks and described it as “deceptive”, while Iranian Foreign Minister Abbas Araqji said last week that negotiations with Washington are impossible unless its policy changes.
The diplomatic stalemate sparked fears of a conflict, although Iranian officials have sought to calm these concerns.
https://www.youtube.com/watch?v=tabcjoa31v0
Standard
The “Bonpest” website stated to track the Iranian currency that the currency fell to a record low level of one million and 39 thousand riyals against the US dollar today.
This represents a decrease in more than half in the value of the currency since President Masoud Bouchashian took office last year.
The Iranians, who seek safe havens for their savings, are resorting to an annual inflation rate of about 40%, to buy gold, dollar and other currencies, which threatens additional challenges for Real.
The price of the Iranian currency reached about 55 thousand riyals against the dollar in 2018, when the Trump administration imposed during its first term sanctions to force Tehran to negotiate by reducing its oil exports and limiting its access to foreign currencies.
The United States has imposed 4 rounds of sanctions on Iranian oil sales since Trump returned to the White House.
