Yesterday, Tuesday, traders circulated this new exchange rate. This record decline doubles the burdens on Iranian citizens, as it exacerbates the pressure on food prices and makes the costs of daily life more difficult. The prices of meat and rice, in addition to other basic commodities, have witnessed a noticeable increase on the Iranian table.
In addition, public concern is rising about the possibility of renewed confrontations between Iran and Israel, and perhaps the United States, following the 12-day war in June.
It is noteworthy that the Iranian economy is suffering severely from the international sanctions imposed on it, especially after the unilateral withdrawal by US President “Donald Trump” from the nuclear agreement concluded between Tehran and global powers in 2018.
In 2015, when the “nuclear agreement” was concluded, under which Iran agreed to reduce its uranium enrichment and storage program in exchange for lifting international sanctions, the exchange rate of the Iranian Rial was 32,000 Rials against one dollar.
After “Trump” returned to the “White House” for a second term in January, he resumed his campaign, which he called “maximum pressure,” targeting Tehran with new sanctions.
He also renewed his attack on companies that trade in Iranian crude oil, including those that sell it to China at discounted prices.
