After weeks of unrest across the entire nation, the death of the Kurdish girl who had been tortured to death by the Ethics Police and imprisoned by western sanctions, the Iranian rial had its strongest decline ever, reaching its lowest level against the dollar on Tuesday.
As opposed to 332200 yesterday, the riyal’s value against the dollar reached 338 000 in Tehran.
While it is still unclear how far this spike will go and whether the central bank would step in by injecting a significant amount of dollars into the market, it is still possible to stop the situation before it spirals out of control.
These changes occurred as a result of the recent protests that took place in the nation after the death of the young woman in September, as well as the international unrest over the crippling sanctions imposed on the Iranian regime in Tehran as a result of the harsh repression that the authorities used against the populace, and as a result of the collapse of the nuclear talks with the world powers, which were marked by the deadly months ago.
In light of Iran’s ruthless suppression of the protesters and its determination to provide hundreds of planes to Russia for use in its conflict in Ukraine, it is important that the United States and the European Union slapped new sanctions on it.
Since former US President Donald Trump declared the US’s exit from the nuclear agreement in 2018 and to reimpose strangling sanctions on Iran’s primary oil and financial sectors, the country’s economy has suffered severely.
The West punishes Iran because of my faithful .. Dollar prices are rising.
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