https://www.jpost.com/middle-east/i...es-30-percent-of-value-iranians-report-795902
A sharp crash in the value of the Iranian rial was reported yesterday, with some sources reporting that one US dollar would now be worth over 660,000 Iranian rials in some unofficial markets, while others stressed the fact that the already weak currency suffered a blow leading to the loss of 30% of its worth overnight; despite the regime’s official digits showing no major changes.
One member of the Majles (the Iranian parliament) demanded to know from chair Mohammad Baqer Qalibaf what steps the authorities are going to take, calling on the parliament to meet with the governor of the country’s central bank, and wondering, “if we don’t have money – why are we printing more? And if we do have money – why is it so costly?” Qalibaf answered they are “aware of the situation and will hold meetings inshallah (Arabic: God willing),” sparking a wave of disappointed and sarcastic comments.
One social media user commented ironically: “oh you’re going to hold a meeting? Bulls**t,” while another user uploaded a video showcasing the rial’s loss of buying power, showing how a 50,000 Iranian rial banknote ($1.2) used to be enough to buy 30 eggs only a decade ago, while nowadays it suffices to buy only one single egg.
A sharp crash in the value of the Iranian rial was reported yesterday, with some sources reporting that one US dollar would now be worth over 660,000 Iranian rials in some unofficial markets, while others stressed the fact that the already weak currency suffered a blow leading to the loss of 30% of its worth overnight; despite the regime’s official digits showing no major changes.
One member of the Majles (the Iranian parliament) demanded to know from chair Mohammad Baqer Qalibaf what steps the authorities are going to take, calling on the parliament to meet with the governor of the country’s central bank, and wondering, “if we don’t have money – why are we printing more? And if we do have money – why is it so costly?” Qalibaf answered they are “aware of the situation and will hold meetings inshallah (Arabic: God willing),” sparking a wave of disappointed and sarcastic comments.
One social media user commented ironically: “oh you’re going to hold a meeting? Bulls**t,” while another user uploaded a video showcasing the rial’s loss of buying power, showing how a 50,000 Iranian rial banknote ($1.2) used to be enough to buy 30 eggs only a decade ago, while nowadays it suffices to buy only one single egg.
