Following the price of each US dollar surpassing 62,000 tomans in online transactions on the first day of the year 1403, the Cyber Police of the Islamic Republic, FATA, issued a warning regarding online foreign currency transactions. According to media reports, FATA announced that citizens should be cautious of 'cybercriminals' during the Nowruz holidays. This warning comes as online currency transactions occur within an outdated system and network, with concerns about the country's economic future and the closure of the official market leading to the price of each US dollar being traded at 62,200 tomans. FATA also warned that the deposited money for purchasing dollars might belong to someone with a legal case against them. Online transactions have established themselves in Iran's economy and are increasingly determining the main path of the currency market. Officials of the Islamic Republic have repeatedly stated that they do not accept the free market price and online transactions. The Islamic Consultative Assembly (Parliament) passed a law last year prohibiting any advertisements for buying and selling currency in media and virtual spaces, as well as buying and selling currency outside the regulations announced by the Central Bank. The prices of various currencies and gold coins set new records on the last day of the year 1402. Accordingly, on the last day of Esfand, the price of each gold coin reached 39 million tomans, the highest price in trading history. The US dollar also returned to above 60,000 tomans on the same day, ending the year with a continued upward trend. The increase in the dollar price comes as the Statistical Center of Iran published a report on inflation for the year 1402, announcing that the inflation rate for this year has been above 40 percent for the third consecutive year. The Statistical Center also specified in its report that the inflation rate in 1402 was lower than in 1401 but higher than in 1400, and in all these years, it has exceeded 40 percent. Protests over living conditions among telecommunications retirees occurred in at least 8 provinces; the price of gold coins increased by 600,000 tomans. Gatherings of social security retirees and steel industry workers occurred ahead of Nowruz; the price of gold coins reached 38 million and 100 thousand tomans.
The Price of the US Dollar Exceeds 62,000 Tomans in Online Transactions
The price of the US dollar has exceeded 62,000 tomans in online transactions, prompting warnings from Iran's Cyber Police about potential scams. This situation reflects ongoing economic challenges, including high inflation rates and protests over living conditions among retirees.
👥 Key Players
📰 What Happened
The price of the US dollar has surpassed 62,000 tomans in online transactions, prompting warnings from Iran's Cyber Police about potential scams. This situation highlights ongoing economic challenges, including high inflation and public protests over living conditions.
- The price of gold coins reached a record high of 39 million tomans.
- Inflation in Iran has exceeded 40 percent for the third consecutive year.
💡 Why It Matters
📚 Background
Iran has been facing significant economic challenges, including high inflation and currency devaluation, which have led to public discontent and protests. The government's attempts to regulate currency transactions reflect broader issues of economic control.
🏷️ Entities Mentioned
Translated from the original and edited for English readers. View original source →
Translation confidence: 85%