As the value of the rial continues to plummet, the exchange rate of the US dollar in Iran’s free market has reached a new record of 860,000 rials. Meanwhile, economic protests are ongoing, and reports indicate rising prices of essential goods.
According to reports on Thursday, February 6, the exchange rate of one US dollar in Iran’s free market has now surpassed 860,000 rials, while the euro is trading in the 890,000-rial range.
Reports also indicate that the price of a single gold coin has exceeded 690 million rials and is on the verge of entering the 70-million-toman range.
Iran’s Rial Continues to Plunge, Hits All-Time Low At 840,000 Against the Dollar
Meanwhile, news sources have reported that economic protests continue with the ongoing strike of third-party contract workers in the Lavan oil operations zone in Hormozgan province, as well as a protest gathering of medical staff in Lordegan, Chaharmahal and Bakhtiari province.
According to news sources on February 6, the prices of essential goods, particularly rice and dairy products, experienced “severe fluctuations” on Saturday.
According to the state-affiliated website Eghtesad News, the price of one kilogram of fresh slaughtered chicken in the market today exceeds 840,000 rials (approximately one dollar), while the price of one kilogram of bone-in lamb loin has been reported at 6.15 million rials (about 7.15 dollars).
As Iran’s economic crisis intensifies, a member of the Iranian regime’s parliament has previously warned about the potential for famine in the country.
The economic hardships faced by the Iranian people are deliberate and not merely due to mismanagement; all policies are detrimental to national interests. Why is inflation not controlled? The Iranian regime, as the most indebted economic entity, benefits greatly from inflation, as it reduces the real value of its debt.
The priorities of the Iranian regime are regional interference and warmongering, as well as the suppression of its own people, rather than improving the livelihood of Iranians.
