Iranische Währung fällt auf historischen Tiefstand

Der rasante Verfall des Riyal geht ungebrochen weiter, gestern wurde die Marke von 500.000 überschritten:

Iran’s rial fell to a new low Monday, breaking a crucial threshold despite repeated government promises of “soon” strengthening the battered national currency.

The rail fell to more than 500,000 against the US dollar from 460,000 only a week ago and 300,000 in late August. Parallel markets including gold, gold bullions, and even vehicles, both domestically produced and foreign made, will immediately reflect the change with higher prices. Essential food items, such as red meat, have already risen to unprecedented highs, making them unaffordable to the majority of people.

The British pound climbed to 600,000 rials and the euro was trading at around 535,000.

Many businesses, such as car dealerships, have already stopped trading while the general population tries to best preserve the value of their savings by making small investments in such commodities.

Further depreciation of the rial in the coming year, many say, would be certain if the situation is not somehow remedied. In a speech Saturday at the residence of Supreme Leader Ali Khamenei to civil and military officials and foreign ambassadors, President Ebrahim Raisi once again promised to bring inflation and the fall in the value of the national currency under control but failed to explain his envisaged solutions to the problems.