Iranian currency plunges to historic low as Trump pressures
Iranian currency plunges to historic low as Trump pressures
2025-02-10 03:38
Shafaq News/ The Iranian rial fell to its lowest level ever, as US President Donald Trump announced the re-imposition of the maximum pressure policy on Tehran.
Meanwhile, according to the Iranian Statistical Center report, the annual inflation rate in the current Iranian year has reached more than 45%, while the percentage of families below the poverty line has risen to 40%.
Data published by Iranian media websites showed that the Iranian currency fell for the second day in a row in unofficial transactions to historic levels against the US dollar.
The price of the US dollar in the free market in Iran rose by about 3,000 rials, exceeding 92,000 for the first time in history.
The Iranian toman fell to a new historic low, falling to 9 million and 265 thousand tomans for every 100 dollars, following Trump’s decisions to resume the maximum pressure policy on Iran and stop Iranian oil exports.
Trump’s order calls for halting Iranian oil exports and seeking to “snap back” UN sanctions on Iran, but he has also indicated he does not want to impose those sanctions and wants to reach a deal with Tehran.
shafaq.com
