Iran currency crisis continues as the toman fell to a new low this week. The US dollar rose above 122k tomans (1,220,000 rials) in the free market. Everyday transactions in Iran often use the toman, which equals ten rials. The dollar opened at 122,150 tomans (1,221,500 rials) on Sunday. This follows its climb past 120k tomans (1,200,000 rials) on Wednesday. Meanwhile, the British pound traded above 162k tomans (1,620,000 rials), and the euro moved past 141,900 tomans (1,419,000 rials).
Many people worry as Iran faces renewed UN sanctions. In addition, political uncertainty around the nuclear program adds to public concern. Analysts say these problems have increased anxiety about Iran’s economic stability. The rising dollar affects daily life. Prices for goods and services have grown sharply. Therefore, basic food, medicine, and fuel now cost much more than last month. As a result, families feel the pressure on their budgets.
Businesses face serious challenges as well. Importers pay higher prices for foreign goods. Consequently, companies that rely on imports must raise prices. Meanwhile, some small businesses struggle to survive under these conditions. Experts warn the situation could worsen if tensions continue. They urge the government to stabilize the currency. Otherwise, the Iran currency crisis may deepen further.
The government has tried steps to control the market. However, the toman continues to fall. Traders in the free market keep pushing the dollar higher. Iran currency crisis affects everyone, from citizens to companies. People watch exchange rates daily. In addition, many hope for solutions to protect their savings and daily budgets.
The coming weeks will be critical. Because of continued sanctions and political uncertainty, the currency may face more pressure. Therefore, citizens and businesses are preparing for a challenging economic period ahead. Iran currency crisis is a clear sign of how politics and global issues impact daily life in Iran. The dollar above 122k tomans, the pound above 162k tomans, and the euro past 141,900 tomans show the scale of the problem.