Phyrex
Phyrex|10月 05, 2026 13:31
The economic pressure within Iran keeps increasing, and this pressure is directly impacting the lives of ordinary people. According to Reuters, in Iran's free market, 1 USD can now be exchanged for approximately 2,688,000 rials. Over the past year, the rial has depreciated by more than half against the dollar, with inflation exceeding 70%. For families whose income is calculated in rials, if wages can't keep up with rising prices, the money they have will buy less and less. It’s becoming harder to afford basic necessities and pay rent. Many Iranians are buying dollars, other hard currencies, and gold in hopes of preserving the purchasing power of their savings. This, in turn, increases market demand for foreign currencies, putting further pressure on the rial. Iran's central bank has started selling foreign currencies, with plans for up to $2 billion to support the rial. Increasing dollar supply can ease short-term pressure, but U.S. sanctions and maritime blockades continue to impact Iran's oil exports, which affects government revenue and foreign currency sources. Sustained intervention in exchange rates comes at a cost. Looking at these changes, every day the standoff continues, Iran faces the pressure of further currency depreciation, rising prices, and declining purchasing power for its citizens. Foreign exchange intervention can buy time, but whether stability can be achieved depends on improving foreign currency income and restoring public confidence in the rial. One @Gate, trade more markets.
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