One day after Ali Khamenei’s belligerent remarks regarding negotiations with the United States, the price of one US dollar in the Iranian market exceeded 950,000 rials on Sunday, March 9, and the price of one gold coin approached 790 million rials (approximately $831).
On Saturday, March 8, in a meeting with several officials,Khamenei, the leader of the Iranian regime, referred to the possible negotiations with the United States, saying that their goal is to “raise new demands,” and these expectations “will definitely not be met by Iran.”
According to the Nosan website, which tracks the fluctuations of foreign currency and gold coin rates in the Iranian market, the price of one US dollar remittance reached 952,400 rials on Sunday.
The continuous fall in the national currency’s value against foreign currencies, along with the intensification of economic crises and the further emptiness of people’s pockets, has caused alarming stagnation in markets on the eve of Nowruz (the Iranian New Year, starting on March 21) and during Ramadan, two occasions typically considered to boost markets in Iran.
The turmoil in Iran’s financial markets comes as Brian Hughes, spokesperson for the US National Security Council, expressed hope that the Iranian regime would prioritize its people and national interests over terrorism.
However, alongside reports of market stagnation and the spread of poverty in Iran, senior officials of the Iranian regime have described poverty as a “divine test” and have considered “paving the way for the departure of the weak.”
The economic stagnation has led to the closure of markets, with most shops widely shut down, but the Iranian regime continues its confrontation with the international community, support for terrorist groups, and pursuit of nuclear bomb development.
