Iran’s Central Bank has released a new 200,000 Toman banknote, featuring the Mosque of Ruhollah Khomeini and a painting by Mahmoud Farshchian. This move occurs as the country experiences intense protests due to worsening economic conditions, marked by a rising dollar and gold prices. Supreme Leader Khamenei’s statements rejecting negotiations with the US have further contributed to market uncertainty.
Iran’s Central Bank has introduced a new 200,000 Toman banknote, equivalent to approximately 1.9 USD, as of the current exchange rate. The front of the banknote showcases an illustration of the Mosque of Ruhollah Khomeini located in Isfahan, while the reverse side features “Chogan,” a painting by Mahmoud Farshchian. This release occurs amid significant public unrest driven by deteriorating economic conditions and a collapsing national currency.
The Iranian economy is facing severe challenges, highlighted by the US dollar’s rise to 95,300 Toman and gold bullion coins exceeding 79 million Toman. The decline in the value of the national currency is compounded by statements from Supreme Leader Ali Khamenei, expressing his continued refusal to negotiate with the United States. These developments contribute to increasing instability and uncertainty in the financial markets.
The introduction of the 200,000 Toman banknote signifies Iran’s attempts to address the economic crisis but also highlights the challenging financial landscape facing the country. The surge in the dollar and gold prices underscores the severity of the national currency’s devaluation, influenced by both market conditions and political rhetoric against the backdrop of popular protests. Overall, these efforts may reflect Iran’s struggles to restore economic stability amid significant social unrest.
Original Source: shafaq.com
