American sanctions or the Corona crisis?
• The local real has plummeted to about 300,000 to one dollar • The regime attacks Washington, but at the same time claims that the situation will improve
Khamenei.
The Iranian currency is crashing
Photography:
IPA - Archive
US sanctions continue to make a name for themselves in the Iranian economy: For the first time, the Iranian real crossed the 300,000 mark for a single dollar yesterday (Friday).
In doing so, the Iranian currency, which at the time of the $ 32,000 nuclear deal, became the second currency in the world to cross that threshold, after the Venezuelan Bolivar.
The ayatollahs' regime, as expected, is attacking Washington.
"US sanctions have caused a problem," Iranian Bank Governor Abdulnasser Hamati responded, "but I have good news - our several billion dollars in South Korean banks will soon be released."
Since the decision of US President Donald Trump to leave the nuclear deal on May 8, 2018, although the process of losing the value of the Iranian real has been particularly accelerated, in just the last three days it has lost more than 2,000.
Since the beginning of 2020, the Iranian real has crashed by no less than 55%, with a significant part of it being the global economic crisis following the corona virus that has significantly lowered the price of oil.
At the official level, the Iranian real is still about 42,000 to the dollar - but this exchange rate is not relevant because the local citizen has to use the black market to get foreign currency. Therefore, the exchange rate has already jumped to over 300,000.
Meanwhile, the corona virus continues to spread in Iran.
In the past day, 3,523 new infections were diagnosed and 179 died.
Since the virus spread, the ayatollahs' regime claims 468,119 people have been infected and 26,746 have died.
At the same time, the collapsing economy is required to deal with aid to the health care system which now, according to official figures, is dealing with no less than 4,127 corona patients in critical condition.