News sources from Iran have reported that with an increase of nearly three thousand tomans in one day, the price of each US dollar in the free market is approximately 95,000 tomans, and the price of each gold coin is over 78 million tomans. The continuous and severe decline of the Iranian rial's value against the US dollar and other foreign currencies, as well as the rising prices of gold and coins, have also caused turmoil in Iran's investment markets. While news sources from Iran report that the price of the dollar is approaching about 95,000 tomans, just one day earlier, on Sunday, February 21, the value of each US dollar in the Iranian market had reached 92,000 tomans. With the sharp increase in the prices of gold and coins, some economic sources in Iran have reported a decrease in the value of the Tehran Stock Exchange. In this regard, Siamak Ghassami, an economic expert, wrote on X: "This is one of the best economic ratios in Iran to define the risk situation in Iran. It continuously hits new lows, and until this trend fully and long-term reverses upwards, this disgraceful situation will continue." The turmoil in Iran's financial markets and the continuous decline of the rial's value comes as a spokesperson for the US State Department emphasized Washington's commitment to preventing the Islamic Republic from acquiring nuclear weapons, telling Voice of America that if the Islamic Republic is not seeking an agreement, the maximum pressure campaign will continue. Social media users have reacted widely to changes in the dollar rate. In a video posted on X, a citizen loudly repeats from an apartment window that "the dollar is 95,000 tomans!" Journalist Hediyeh Kimiai wrote about the tense and anxious atmosphere among teenagers due to the fall in the value of Iran's currency: "Seeing the stories of 14 and 15-year-olds announcing the dollar price in real-time and talking about their lost dreams and uncertain futures is painful." A widely circulated video from the streets of Tehran shows a young man singing on the subway steps a song with the theme, "No one in the world has suffered as much as we have for a little bit of life." He receives support and encouragement from passersby. Jamshid Asadi, an economist, commented on the continuous rise in the value of the US dollar and the severe decline in the value of Iran's national currency, stating that the current situation is the result of the policies of the past four decades of the Islamic Republic in Iran. According to him, "the country has no dollar reserves" and "like during Mao's era" in China, the Iranian government prefers to export essential goods like potatoes to obtain dollars from it.
Achievements of 46 Years of Islamic Rule: Dollar at 95,000 Tomans and Gold Coin at 78 Million
The Iranian rial has sharply declined against the US dollar, reaching 95,000 tomans, while gold prices have also surged, causing instability in the financial markets. Economists attribute this crisis to four decades of policies by the Islamic Republic. The situation has sparked widespread concern and reactions among the public, especially the youth.
👥 Key Players
📰 What Happened
The Iranian rial has sharply declined against the US dollar, reaching 95,000 tomans, while gold prices have surged, causing instability in the financial markets. This economic turmoil has led to widespread public concern, especially among the youth.
- The price of the US dollar increased by nearly 3,000 tomans in one day.
- Gold coin prices have risen to over 78 million tomans.
💡 Why It Matters
📚 Background
Iran has faced significant economic challenges over the past four decades, particularly due to sanctions and mismanagement. The rial's decline is a symptom of broader systemic issues.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
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