After the Revolutionary Guards Army was included in the terrorist list, the rial fell to a record

The failure of Iran’s efforts to restart nuclear talks and the death sentences of protesters at the Mahsa Amini demonstrations have worsened relations between the European Union (EU) and the Tehran administration. Finally, Iran’s currency, the rial, fell to a record low against the US dollar after the European Parliament (EP) passed the draft resolution demanding the inclusion of the Revolutionary Guards Army on the EU terrorist list. While 1 US dollar was traded at 430 thousand 500 riyals yesterday, against the Iranian rial, which has lost 29% of its value since the start of the Mahsa Amini protests, it started to be sold at 448 thousand 750 today.

Mohammad Reza Ferzin, Chairman of the Central Bank of Iran, who said that the increase in the dollar was caused by the manipulations carried out abroad and in the country and social media, said, “As the Central Bank, we have no restrictions in terms of foreign exchange reserves and resources.” Noting that the necessary steps have been taken and the foreign exchange market is under control, Ferzin said that they will soon offer a system where gold and dollar transactions can be made comfortably in order to control the free market.

The Central Bank of Iran announced that in foreign exchange transactions made over the internet, customers apply to receive foreign currency in the amount they demand and that a record was broken by making 511 million dollars in one day through the “Currency Transactions Central System” created to meet their foreign exchange demands.

Speaking in the Iranian Parliament about the sudden rise in the foreign exchange market in the country, Iranian President Ibrahim Reisi gave the message that the markets are under control and said, “Considering the country’s resources and potential, I see a bright future with the cooperation of the government and the parliament. We will defeat the enemy and destroy the mourning and despair in the society. “The exchange rate, the gold market and the expensiveness will all be resolved and pulled down. The market is under control,” he said.