Continuing the upward trend in currency prices in the Tehran market, the price of each US dollar reached 69,100 tomans with an increase of 600 tomans in the early hours of trading on Saturday, November 12. Analysis of gold and currency price information websites shows that in the Tehran currency market, the price of each British pound has reached the threshold of 90,000 tomans. In this market, the UAE dirham, as the most influential currency on the dollar price, has also approached 19,000 tomans. Accordingly, the price of remittance dollars is also near 70,000 tomans. In global markets, the price of an ounce of gold reached 2,735 dollars, and following this increase, the price of each gram of 18-carat gold in Iran became 4 million and 600 thousand tomans. The severe depreciation of the 'rial' against the Afghan currency casts a shadow of war and recession over the Iranian economy; gold and currency prices have set records.
Dollar Returns to Above 69,000 Tomans
The price of the US dollar in Tehran has surged to 69,100 tomans, reflecting a broader trend of rising currency values amid economic challenges. The British pound has also reached 90,000 tomans, and the UAE dirham is nearing 19,000 tomans. This situation highlights the severe depreciation of the Iranian rial and ongoing economic instability.
👥 Key Players
📰 What Happened
The price of the US dollar in Tehran has risen to 69,100 tomans, reflecting a broader trend of increasing currency values amid economic challenges. This surge also affects other currencies like the British pound and the UAE dirham.
- The price of the British pound reached 90,000 tomans.
- The Iranian rial has significantly depreciated against other currencies, including the Afghan currency.
💡 Why It Matters
📚 Background
Iran has been facing severe economic challenges, including high inflation and currency depreciation, largely due to international sanctions and mismanagement. The rial's value has plummeted, leading to rising costs of goods and services.
🏷️ Entities Mentioned
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