One day after the elections in Iran, with minimal public participation in this round, which some called 'mock elections' and others referred to as a 'circus of elections,' the price of one US dollar in the Tehran market exceeded 60,000 tomans. A review of gold and currency news websites indicates that the price of the euro also surpassed 65,000 tomans on the first trading day of this week in Tehran. Accordingly, the price of the British pound has entered the range of 76,000 tomans. Additionally, the price of gold coins in the market has reached 35 million tomans. The price of the US dollar in the Iranian market on Tuesday, March 8, increased by about 900 tomans compared to the previous day, surpassing 59,000 tomans. The surge in the price of the dollar and other foreign currencies in recent days in Iran's free market has sparked a wave of reactions among experts and social media users. Davood Soori, an economist, sarcastically wrote on social media platform X in response to the rising dollar trend and its peak price in the Iranian market: 'Since they said they do not recognize the dollar, it has taken offense and turned towards the mountain! What a lack of maturity!' Soori's remark refers to statements made by Ehsan Khandoozi, the Minister of Economy of the Islamic Republic, who said, 'We do not recognize the exchange rate in the free market.' The currency and gold market in Iran has faced significant fluctuations in recent months and years. Many experts attribute this to the inefficiency of the system and the rulers in managing the country, which has embroiled Iranian society in intertwined crises, from provocative foreign policy to ideological social, political, and cultural policymaking that has shown its repercussions in various economic and livelihood sectors affecting a large part of society.
One Day After the 'Elections' in Iran; Dollar Surpasses 60,000 Tomans
Following the recent elections in Iran, the US dollar surpassed 60,000 tomans amid minimal voter turnout, prompting criticism from economists regarding the government's handling of the economy. The surge in currency prices reflects ongoing economic instability and dissatisfaction with the ruling authorities.
👥 Key Players
📰 What Happened
Following the recent elections in Iran, the US dollar's value exceeded 60,000 tomans amid low voter turnout, leading to criticism of the government's economic management. This surge in currency prices highlights ongoing economic instability in the country.
- The price of the US dollar surpassed 60,000 tomans shortly after the elections.
- Voter turnout for the elections was notably low, leading to perceptions of the elections as illegitimate.
💡 Why It Matters
📚 Background
Iran has been facing severe economic challenges, including high inflation and currency devaluation, largely attributed to mismanagement and international sanctions.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%