The nightmare of the 20,000 toman dollar becomes reality! Iran’s economic crisis deepens
As the process of declining value of Iran’s national currency and rising exchange rates continues, which began in early last week, reports indicate that the dollar price in Iran’s free market has reached 20,000 tomans.
According to Associated Press, Iran’s currency on Monday, June 23rd, reached its lowest value against the US dollar. In the early hours of Monday, the US dollar exchange rate reached 20,000 tomans and shortly after, each dollar was valued at 19,800 tomans.
Meanwhile, some Twitter users have also confirmed that the dollar price has reached 20,000 tomans.
Associated Press reported that following the rising trend in dollar prices, Iran’s Ministry of Commerce warned that commercial cards of individuals whose currency return percentage is zero will be suspended. Additionally, Iran’s Central Bank announced on Sunday the publication of names of currency violators.
According to this report, based on statements from Iranian companies, over 40 billion dollars in non-oil goods are exported annually, with Islamic Republic officials saying approximately half of this foreign currency remains outside the country.
According to reports, the dollar price in the first half of last year was between 11,000 to 12,000 tomans, but in the second half of the year due to rising gasoline prices, domestic protests and international tensions with Iran, the dollar price reached close to 15,000 tomans in December and in the final days of the year, the dollar price increased to 15,900 tomans. Finally, the currency market transactions of the year 1398 ended with the dollar priced at 14,900 tomans and the euro at 16,900 tomans.
The dollar price in Farvardin also reached 16,150 tomans and ultimately the dollar ended the month at 15,400 tomans. In Ordibehesht, the dollar price fluctuated between 15,400 to 16,300 tomans.
Maximum Pressure from the United States
Since President Trump took office, the United States, claiming that the nuclear agreement JCPOA failed to prevent the destabilizing activities of the Islamic Republic, described as the world’s greatest state sponsor of terrorism, withdrew from the JCPOA.
US Secretary of State Mike Pompeo outlined America’s new strategy against Iran in June 2018 and, while announcing increased pressure on the Islamic Republic, announced 12 US conditions for negotiating with Iran to reach a new agreement. Since then, the United States, aiming to change the regime’s behavior and end its malicious actions, has imposed very heavy sanctions on Iranian individuals and legal entities and has exerted significant economic pressure on Iran’s regime.
Public Concerns Over the Dollar Nightmare
In cyberspace, the depreciation of Iran’s national currency has had significant reflection and some users have called it the “dollar nightmare.”
Arshia Sheikhi, another user, wrote on Twitter: When the dollar became 5 tomans, everyone was worried about the state of the country. Today the dollar is 20 tomans and it seems no one cares. Mr. Rouhani, what did you do to the people?! Many young people’s lives have been destroyed. Almost 4 years of nightmare is passing and people are enduring it. Do you have any answer for the people?
Source: Radio Farda
