The dollar exchange rate has reached a new peak in Iran's free market. According to data from pashizi.com, which monitors the country's foreign exchange market, the dollar's selling rate has risen to the 240,000 Toman level.
This level marks the lowest value in history for the Iranian currency, the Toman, against the dollar in the free market. The currency movement was recorded at a time when the country's economy is facing high inflation and the pressure of sanctions.
According to official data, annual inflation in Iran has reached 61.4 percent. The annual increase in food prices was announced as 128.1 percent.
In the Iranian economy, which is under the influence of US sanctions, the rise in exchange rates and basic consumer goods is further increasing the cost-of-living pressure on households.
News Source: 12punto
