The price of the US dollar and various gold coins in the Iranian market has once again increased, setting new records. According to reports, the price of each US dollar in the free currency market of Iran reached 82,100 tomans on Saturday, January 8. This figure shows an increase of more than 1,000 tomans compared to the previous day. The prices of the euro and the British pound also surpassed 85,000 tomans and 103,000 tomans, respectively, on Saturday. The price of the US dollar in Iranian markets has increased by 63% over the past year. The rate of this price increase has also been more than 35% since the beginning of Masoud Pezeshkian's government. On Saturday, the prices of various gold coins in Iran also set historical records and reached their highest prices. The price of the Imam coin increased by more than 2% to 57,600,000 tomans. The price of the Bahar Azadi coin also rose by over 1.5% to reach 55,200,000 tomans. The Bahar Azadi coin has seen a price increase of 4.5% over the past week, nearly 9% over the past month, and over 107% over the past year. The price situation for other types of coins is similar. The Gharami coin had the highest price increase among the various coins, with a rise of over 3.5% on Saturday. Last week, Abdolnaser Hemmati, Iran's Minister of Economy, in response to the government's inability to maintain the value of the rial despite election slogans, stated in an economic commission meeting: 'You can't do many things by force, and a significant percentage of non-oil export currency does not return.' He did not provide an explanation about the status of oil revenues, but customs statistics reported an 18% increase in non-oil exports in the first eight months of this year, reaching over $38 billion. Tracking companies' statistics also indicate a 34% increase in Iran's average daily oil exports this year, reaching 1.6 million barrels, valued at about $45 billion. Iran's imports, even accounting for $4.6 billion in gold ingots in the first eight months of this year, have reached $45 billion.
Dollar Price Surpasses 82,000 Tomans
The price of the US dollar in Iran has surpassed 82,000 tomans, marking a significant increase of over 1,000 tomans in just one day. This rise reflects a 63% increase over the past year, raising concerns about the government's economic policies and the value of the rial. The situation is compounded by rising prices of gold coins and ongoing economic challenges.
👥 Key Players
📰 What Happened
The price of the US dollar in Iran has surged past 82,000 tomans, marking a significant increase in currency value and raising concerns about the government's economic management. Additionally, gold coin prices have reached record highs, indicating broader economic instability.
- The US dollar increased by over 1,000 tomans in one day, reflecting a 63% rise over the past year.
- Gold coin prices have also set historical records, with significant increases in various types.
💡 Why It Matters
📚 Background
Iran has faced ongoing economic challenges, including high inflation and currency devaluation, largely due to international sanctions and internal policy decisions. The rial's instability affects the cost of living and economic confidence.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%