Tehran, Iran (AP) – Iran The Rial currency exchanged on Saturday at a record level compared to the US dollar while the country returned to work after a long vacation, which costs more than a million Rials for a single green tank as green back as Tensions between Tehran and Washington RA probably even lower.
The exchange rate had plunged more than a million Rials during the Persian New Year, Nowruz, while the currency stores closed and only the informal trade took place in the streets, creating additional pressure on the market. But while merchants resumed work on Saturday, the rate dropped even more at 1,043,000 for the dollar, reporting that the new lower seemed here.
On Rue Ferdowssi in the Iranian capital, Tehran, in the heart of the country’s silver scholarships, some traders have even extinguished their electronic panels showing the rate in force when uncertainty is looming how the Rial could fall.
“We are disabled because we are not sure of successive changes in the rate,” said Reza Sharifi, who works in an exchange.
Tensions with us tighten the Rial
The Iranian economy was seriously affected by international sanctions, in particular after the American president Donald Trump unilaterally withdrew America from the Teheran nuclear agreement with the global powers in 2018. At the time of the 2015 agreement, which saw Iran considerably limit its enrichment and the storage of uranium in exchange for international sanctions, the Rial was negotiated at 32,000 to uranium.
After Trump returned to the White House for his second term in January, he restarted his alleged campaign of “maximum pressure” targeting Tehran with sanctions. He has once again taken businesses that exchange Iranian crude oil, including those who sell to a delivery to China.
Trump has written to the supreme Iranian chief of Ayatollah Ali KhameneiTrying to jump direct talks between Tehran and Washington. So far, Iran has maintained that it is arranged for indirect talksBut such discussions under the Biden administration have failed to make progress.
Meanwhile, Trump continues An intense air campaign targeting the Houthi rebels supported by Iran in YemenThe latest force of “the resistance axis” of Tehran, capable of attacking Israel after other militant groups were mutilated by Israel during his war against Hamas in the Gaza Strip.
Mehdi Darabi, market analyst, said he thought that foreign pressures in recent months had caused “expectations for the possibility of decreasing oil sales and more inflation, and this has caused a higher rate of hard currencies”, according to the economic newspaper Donay-E-Eqtesad de Tehran.
Economic pressure ignites the Iranian public and politics
Economic upheavals have evaporated public savings, pushing the Iranians medium to keep hard currencies, gold, cars and other tangible wealth. Others pursue cryptocurrencies or fall into rich rich patterns.
Meanwhile, internal political pressure is still ignited on the compulsory hijab, or scarf, women always ignoring the law in the streets of Tehran. Rumors also persist on the government, potentially increasing the cost of subsidized essence in the country, which has triggered national demonstrations in the past.
The fall of the Rial also exerted more pressure on the Iranian reformist President Masoud Pezeshkian. In March, when the rate was 930,000 in the dollar, the Iranian parliament dismissed its Minister of Finance, Abdolnasser Hemmati above the rial which crashes and accusations of mismanagement.
Anger on public spending has also seen Pezeshkian dismiss his vice-president responsible for parliamentary affairs, Shahram Dabiri, for having made a luxury cruise in Antarctica, reported the state media. Although Dabiri would have used his own money for the trip with his wife, the published Instagram photos of his journey made an angry an Iranian audience who managed to survive.
“In a situation where economic pressures on people are enormous and the number of disadvantaged people is a massive and expensive recreational journey by civil servants, even by their own personal fund, is not defensible and reasonable,” said Pezeshkian in dismissing Dabiri, who has so far proposed any public explanation for his trip.
___
Gambrell has brought in Dubai United Arab Emirates.
