Trump Sanctions Send Iranian Currency To Biggest Collapse In 46 Years, 10 FEB

 Trump Sanctions Send Iranian Currency To Biggest Collapse In 46 Years

08/02/2025  Mawazine News – Economy  Iranian markets witnessed a record collapse of the local currency, the largest in 46 years, as the US dollar jumped by 3,000 tomans to reach 89,000.

This decline comes in light of US President Donald Trump’s return, last Tuesday, to the “maximum pressure” policy against Tehran, which exacerbated the economic crisis and directly affected the foreign exchange market and gold prices, and was followed by the US Treasury imposing sanctions on Iranian oil exporters.

Gold prices also recorded a significant increase in Iran, amid these fluctuations.
According to exchange centers, the euro reached 91,200 tomans, while the British pound reached 111,800 tomans, representing the largest collapse of the Iranian currency since 1979 against the US dollar.

It is noteworthy that at the beginning of the current Iranian year, on March 21, 2024, the dollar was at around 61,000 tomans, reflecting a rapid deterioration in the value of the currency within a short period
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