🔶 The dollar crossed the border of 240 thousand tomans

🔶 The dollar crossed the border of 240 thousand tomans

The free foreign exchange market in Iran witnessed a new high on Sunday, October 7. The dollar crossed the 240 thousand toman mark and at the same time the exchange rate of the euro and the pound reached unprecedented levels.

Based on the rates announced in the open market, the dollar crossed the level of 240 thousand tomans today; The limit, from the point of view of the merchants, is not just a mental number, but is considered a sign of the acceleration of the decline in the value of the real in recent weeks.

At the same time, the euro reached about 274 thousand tomans and the British pound traded up to 318 thousand 500 tomans.

This increase occurred in a situation where the currency market made new ceilings several times in recent weeks and the distance between new highs was shortened.

The new increase in the exchange rate is not limited to local economic pressures. Market operators say that the uncertainty regarding the future of the negotiations between Iran and the US, the situation in the Strait of Hormuz and the continued pressure and military sanctions strengthened the negative expectations regarding the value of the rial. In recent days, Tehran has made proposals to end the war, reduce military pressure and reopen the Strait of Hormuz.