Just a few days after the announcement of new currency policies by Hassan Rouhani's government, on Thursday, August 9, the price of the US dollar in Iran's unofficial market rose above ten thousand tomans once again. Unofficial reports from Iran's free currency market indicate severe fluctuations, especially in the price of the dollar. On Thursday, the price of the US dollar reached about ten thousand six hundred tomans and then dropped to ten thousand five hundred tomans shortly after. Hassan Rouhani's government announced its new currency policies earlier this week, aimed at combating the rampant inflation of foreign currencies. The main foundation of these policies is the establishment of a secondary currency market. However, on Thursday, websites that track the prices of foreign currencies in Iran's unofficial market reported that the price of the US dollar in Tehran had once again reached five digits. Accordingly, in the early hours of Thursday afternoon, coinciding with the start of the weekly holiday, the selling price of the dollar was ten thousand six hundred fifty tomans and the euro was twelve thousand three hundred tomans, but then the dollar stabilized at ten thousand five hundred tomans. On Wednesday, August 8, the price of the dollar and gold coins was lower than the previous day, but according to ISNA reports, 'the closer it got to noon, the more evident the price increase in the market became, and ultimately the dollar reached nine thousand seven hundred tomans, the euro reached eleven thousand two hundred tomans, and the full gold coin reached three million four hundred fifty thousand tomans. Currently, the price of the 'Imami' gold coin, which had reached four million tomans, is three million seven hundred fifty thousand tomans. Meanwhile, the Iranian Labor News Agency, ILNA, reported on Thursday, quoting the head of the Gold and Jewelry Union, that the price of gold and coins had increased by about one million tomans due to the rise in currency prices. Mohammad Kashti-Araei, in an interview with ILNA, announced the price of the gold coin on Thursday as four million two hundred thousand tomans and the price of the half gold coin as one million nine hundred fifty thousand tomans. Some websites and channels tracking free market prices reported on Wednesday evening that the US dollar had even reached ten thousand tomans.
Dollar Price Rises Above Ten Thousand Tomans Again
The price of the US dollar in Iran's unofficial market has risen above ten thousand tomans again, following the government's announcement of new currency policies aimed at controlling inflation. The fluctuations in currency prices reflect ongoing economic instability in Iran, affecting the cost of goods and living standards for citizens.
👥 Key Players
📰 What Happened
The price of the US dollar in Iran's unofficial market surged above ten thousand tomans again, following the government's announcement of new currency policies aimed at controlling inflation. This fluctuation indicates ongoing economic instability in the country.
- The dollar price reached about ten thousand six hundred tomans before stabilizing at ten thousand five hundred tomans.
- The rise in dollar prices has led to an increase in gold prices, affecting the cost of living.
💡 Why It Matters
📚 Background
Iran has been facing severe economic challenges, including high inflation and currency devaluation, largely due to international sanctions and internal policies.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%