Cardiac Arrest in the Market Due to Dollar Price Increase; Buying and Selling Halted

Following severe fluctuations in the currency market and the dollar reaching 60,000 tomans before retreating to 59,000 tomans, sellers of household appliances, electronics, mobile phones, coins, and dollars have halted buying and selling. Reports circulating on social media and information channels indicate that yesterday, Tuesday, February 10, following the dollar's entry into the 60,000 toman range, the sale of coins and dollars in the market was stopped. Consequently, in the mobile market, prices were also affected by severe fluctuations, leading to a halt in price announcements and sales. The government-affiliated news agency 'Tasnim,' linked to security and military institutions, reported that traders believe the increase in the dollar rate has prompted producers to beat the drum of inflation and demand price changes for various products, stating that 'sales have currently stopped.' Tasnim criticized domestic producers, questioning whether they source their foreign currency from the free market, which leads them to demand price changes with every price fluctuation. The website 'Khabar Online' also reported that yesterday (Tuesday, February 10) was a significant day in the currency market as the advance of prices towards the third resistance barrier of 60,000 tomans severely impacted the market environment. The newspaper 'Etemad' reacted to the price tensions in the market, stating that the way to calm the currency market is not through the government's creditor-like comments, and the government must accept the realities at the market level. Yesterday, as the dollar price crossed the 60,000 toman threshold, the Central Bank issued an unprecedented permit for the issuance of 280 trillion tomans in special deposit certificates with a preliminary interest rate of 30%. The Central Bank's permit and the security tightening in the market led to the dollar returning to the 59,000 toman range and intensified prices in the market. Currently, as of the time of this report, the dollar price is listed at 58,400 tomans on gold and currency information websites, and at 59,200 tomans on the sidewalks of Ferdowsi Square and Afshar Passage. The dollar price is breaking records daily, and bread has also been rationed; Kourosh Aladin reports that concerns over a U.S. attack pushed the dollar into the 60,000 toman range. A newspaper criticized President Raisi's government, stating that economic statistics from both inside and outside are lies. The implications of the deaths of American soldiers and regional tensions have caused the dollar to increase by 1,800 tomans in less than 24 hours. The shadow of the exchange rate looms over the car market; prices have surged. Turbulence in Iran's currency market; the dollar has crossed the 56,000 toman mark. Hourly increases in the dollar rate in Iran; an expert states that the capital market is 'completely' abandoned.