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 https://www.mawazin.net/Details.aspx?jimare=259442
In this video, the host discusses various developments in Iraq’s political and economic landscape, especially in light of the upcoming Super Bowl Sunday. He emphasizes the significance of current events, like the discussions led by former parliamentary president Al-Sudani regarding constitutional entitlements, including voting rights and purchasing power.
The host highlights Iraq’s ambitious transition to a digital economy, with a focus on electronic payments and currency modernization, which is expected to integrate Iraq into the international financial system. He also addresses Iraq’s credit rating outlook, infrastructure investment plans, and ongoing anti-corruption efforts under Prime Minister Al-Sudani.
The discussion touches upon Iraq’s foreign reserves, gold discoveries, and the implications of its monetary policies. The video culminates in a call for viewers to engage with the content and support the channel.
🦅 Super Bowl Sunday: The host expresses excitement about the event, noting the match between the Eagles and the Kansas City Chiefs.
☕ Freedom Forge Coffee: The host promotes a specific coffee blend while encouraging viewers to use a discount code for purchases.
⚖️ Political Developments: Former parliamentary president Al-Sudani discusses Iraq’s constitutional entitlements and challenges in the political process.
💳 Digital Economy Transition: Iraq is working towards a digital economy with a focus on regulatory frameworks for electronic payments.
📈 Credit Rating Outlook: Iraq’s credit rating has a stable outlook, with potential improvements linked to GDP growth and reconstruction efforts.
🏗️ Infrastructure Investment: The Iraqi government plans to invest $100 billion over three years into infrastructure and industrial projects.
🌍 International Cooperation: Iraq’s participation in international events highlights the country’s push toward digital transformation and economic diversification.
Key Insights
📊 Constitutional Entitlements and Economic Stability: The discussions surrounding constitutional entitlements are crucial for the future of Iraq, particularly regarding citizens’ rights and purchasing power. This focus on constitutional rights mirrors similar sentiments in established democracies, indicating a growing awareness and demand for political reform in Iraq.
💻 Digital Economy as a Catalyst for Growth: Iraq’s shift towards a digital economy is a significant milestone. By modernizing its payment systems and integrating with international financial standards, Iraq positions itself for economic growth and stability. This transformation could potentially enhance foreign investments and foster a more robust economic environment.
🌐 Credit Rating Improvements Linked to Infrastructure Investments: The mention of Iraq’s credit rating suggests that with higher-than-expected GDP growth and effective management of foreign exchange reserves, there is an opportunity for positive credit adjustments. This creates an optimistic outlook for the country’s financial future, contingent upon successful infrastructure development.
🛠️ Infrastructure as a Pillar of Economic Development: The government’s commitment to investing $100 billion into infrastructure demonstrates a strategic approach to economic recovery and growth. These investments are likely to stimulate job creation and improve service delivery across various sectors, setting a foundation for long-term economic health.
🔍 Anti-Corruption Measures Under Prime Minister Al-Sudani: The proactive stance taken by Prime Minister Al-Sudani in combating corruption, including enabling the Parliamentary Integrity Committee to hold officials accountable, signifies a serious commitment to governance reform. This transparency can restore public trust and enhance the effectiveness of government operations.
💰 Surge in Foreign Reserves and Gold Discovery: Iraq’s increase in foreign reserves and the recent gold discoveries reflect a strengthening of its financial position. Such developments provide the country with a more stable footing in international markets, allowing it to better withstand economic shocks and pursue strategic investments.
📉 Monetary Policy and the Banking System: The host’s insights into the monetary mass being largely outside the banking system highlight potential liquidity issues. The fact that 85% to 90% of monetary issuance is outside formal banking channels suggests that Iraq must develop strategies to effectively channel these funds back into the economy, which could bolster financial stability and growth.
In conclusion, the video provides a comprehensive overview of Iraq’s current political and economic climate, emphasizing the significance of constitutional rights, digital transformation, and infrastructure investments. The host encourages viewers to engage with the content and stay informed about future developments. The discussion underscores the potential for positive change in Iraq, contingent upon effective governance, economic diversification, and international cooperation.
The leader of the Kurdistan Democratic Party, Wafaa Mohammed Karim, revealed the decision of the issue of the presidency of the Kurdistan Regional Government and Parliament.
The useful summary.. In the important news, you will find it on the Al-Furat News channel on Telegram.To subscribe, click here
Karim told {Al-Furat News} that: “It was agreed that Masroor Barzani would assume the presidency of the new government, provided that he would be tasked with forming the government between the two Democratic Parties and the Union exclusively.” He explained that
“the agreements were made after confirming that the presidency of the region and the government will be the share of the Democrat, based on electoral entitlements.” “According to the agreement, the Union will hold the presidency of the parliament, in addition to the position of deputy prime minister, 6 sovereign ministries, in addition to other senior positions,” Karim continued. Regarding the other parties, Karim stressed that “it will not have a role in the new government, as it boycotted the Islamic Justice Party, which has 3 seats in parliament and its seats will be distributed to other political blocs.”
This just in from my Singapore contacts: There is a hold on the RV for an unspecified amount of time...The Iraqi government,
in collaboration with the Central Bank of Iraq (CBI), Consulting Firm Oliver Wyman, INB, INI, and K2, launched a strategic initiative to modernize the country's banking sector...
It was realized, due to the cross-border payments training program, that Iraq was not at all ready to initiate a revaluation of the IQD due to insufficient capability
...Further implementation details will be announced in due course.Until this is completed, THERE WILL BE NO RV!...This information has been verified through the office of the Prime Minister...wait for further details. We do not now know how long this will take. Don't shoot the messenger please.
FRANK26: "SECURITY & STABILITY AGAINST IRAN FOR A NEW EXCHANGE RATE IN IRAQ".......F26
Trump Sanctions Send Iranian Currency to Biggest Collapse in 46 Years
2/8/2025
- 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
