Iranian Toman Falls to a Record Low After Assad’s Fall
Iranian Toman Falls to a Record Low After Assad’s Fall
2024-12-12 00:32
Shafaq News/ The overthrow of Bashar al-Assad’s regime in Syria has had major political and economic repercussions on Iran, as the price of the toman fell to a record low in Thursday’s trading after the fall of Assad.
In the Iranian capital, Tehran, the price of the US dollar jumped in the parallel market to more than 740 thousand riyals, while the unofficial price of the euro reached more than 770 thousand riyals.
The Iranian rial has lost more than 20 percent of its value since the start of the recent tensions in Syria and Lebanon weeks ago, according to the German News Agency.
Currency traders in Iran fear that the dollar could reach one million rials if the conflict in the Middle East continues for a longer period.
It is worth noting that the Bashar al-Assad regime was a strong ally of Iran, and changing the regime in Syria is considered a weakening not only of the Iranian role in the region but of the Iranian foreign policy doctrine as a whole.
shafaq.com
