Following the intensification of economic instability in Iran, today the price of the dollar in the free market has reached the threshold of 160,000 tomans and the price of the euro has approached 190,000 tomans. This unprecedented jump has once again brought currency shock back to the country's financial markets.
Causes of the increase in the dollar price
Investigations show that the market's reaction is more influenced by two key factors rather than news related to a potential attack by the United States: first, the nearing completion of the maritime blockade of Iran and the restriction of trade and currency routes, and second, the inconclusiveness of negotiations between the Islamic Republic and the United States regarding the conditions raised by both sides.
Market participants and analysts believe that the prevailing psychological atmosphere in the market is highly tense, and if the current conditions persist, reaching a dollar rate of 180,000 tomans by the end of the second week of Bahman is entirely probable. The lack of a clear political and economic outlook has intensified inflationary expectations and brought speculative demand to an unprecedented level.
In this situation, many questions arise in the minds of investors and the public; will this trend continue, and will we witness further increases in the exchange rate?