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The rial traded at 777,000 rials to the dollar, traders in Tehran said, down from 703,000 rials on the day Trump won. Iran’s Central Bank has in the past flooded the market with more hard ...
A proposal has been agreed to by the Iranian Parliament to drop one zero at the end of number, by replacing the rial with a new currency called the toman, the name of a previous Iranian currency, at the rate of 1 toman = 10,000 rials. [19] As of 2024, the Iranian rial is the world’s least valuable currency, worth less than the Sierra Leonean ...
As of December 2024 Iran was experiencing its deepest and longest economic crisis in its modern history. The ministry of social welfare last year announced that 57 percent of Iranians are having some level of malnourishment. Thirty percent live below the poverty line. Iranian Rial became world's least valuable currency. [1] [2] [3] [4]
The Iranian Food and Drug Organization of Iran has reported shortages of many essential drugs in the country. [1] Reports of the crisis began emerging in 2013. [2] The crisis intensified in 2022 when Ebrahim Raisi’s administration removed the 42,000-rial exchange rate for the US dollar. [3] Inflation further compounds the issue. [1]
The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Monday amid a deterioration in the economic situation and the reimposition of sanctions by the United States.
The Iranian toman (Persian: تومان, romanized: tūmân, pronounced [tuː.mɒːn]; from Turko-Mongolian tümen "unit of ten thousand", [1] [2] [a] see the unit called tumen) is a superunit of the official currency of Iran, the rial. One toman is equivalent to 10 (old), or 10,000 (new, official) rials. [8] Originally, the toman consisted of ...
The 2017-2018 Iranian protests is a wave of protests against the government after egg prices soared and a new budget law was passed, triggering deadly anti-government uprisings across the nation, leaving 23-25 killed in 11 days of mass protests. The 2018 Dervish protests is protests against discrimination that has left 1 dead. The protests was ...
By 2023, because of poverty and inflation, around 57% of Iranian citizens suffered from malnutrition. [21] Iran ranked 126th worldwide in welfare. [22] The Iranian rial (IRR) is among the most devalued currencies in the world as of 2023. [23] According to Hatam Ghaderi by the start of 2024 depression had become a commonplace condition ...