1 week ago
Iranian Toman Hits Record Low as Food Prices Soar
Iran’s money, called the toman, has lost a lot of value.
The dollar now sells for 200,000 tomans in Iran’s free market.
This is the lowest level reported for the currency.
Prices across the country are also rising quickly.
Official figures put Iran’s yearly inflation rate at 61.4%.
Food prices rose even faster, increasing 128.1% compared with the previous year.
This means families must pay much more for groceries.
The currency decline is happening amid US sanctions and is putting pressure on Iranian households.
The dollar’s selling rate reached 200,000 tomans on Iran’s free market.
The exchange rate marked a historic low for Iran’s currency.
Iran’s annual inflation rate rose to 61.4%, according to official data.
Food prices increased 128.1% year-on-year.
The currency decline and rising prices have increased pressure on Iranian households amid US sanctions.
- Who
- Iranian households and Iran’s currency are most directly affected.
- What
- The toman fell to a record low while inflation and food prices surged.
- Where
- The dollar rate was reported on Iran’s free market.
- When
- The report cites annual inflation and year-on-year food-price increases but gives no specific date.
- Why
- The decline is reported amid US sanctions and rising inflation.
Key facts
- Dollar selling rate
- 200,000 tomans on Iran’s free market
- Currency status
- Historic low for Iran’s currency
- Annual inflation
- 61.4%, according to official data
- Food-price increase
- 128.1% year-on-year
- Affected group
- Iranian households
- Reported context
- The currency decline comes amid US sanctions
Sources
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