Iran’s Central Bank has released a new 200,000 Toman banknote, equivalent to 1.9 USD. The banknote features iconic imagery amid ongoing protests fueled by economic instability and a collapsing currency. Current exchange rates show the US dollar reaching 95,300 Toman, exacerbating concerns following statements from Supreme Leader Ali Khamenei against US negotiations.
On Friday, Iran’s Central Bank introduced a new banknote with a face value of 200,000 Toman, equivalent to approximately 1.9 USD at current exchange rates. This latest note showcases the Mosque of Ruhollah Khomeini in Isfahan on its front, while the reverse side features a painting of “Chogan” created by artist Mahmoud Farshchian.
The issuance of this new banknote occurs amidst widespread protests triggered by deteriorating economic circumstances and a plummeting national currency, which has hit record lows. Currently, the US dollar is traded at an alarming rate of 95,300 Toman, and the price of a gold bullion coin has exceeded 79 million Toman.
This steep decline in currency value coincides with recent statements from Supreme Leader Ali Khamenei, who reaffirmed his stance against negotiations with the United States. His remarks have further intensified uncertainty within the financial markets, escalating concerns regarding the country’s economic stability.
In summary, the introduction of the new 200,000 Toman banknote by Iran’s Central Bank highlights the ongoing economic turmoil facing the nation. The soaring prices of foreign currency and gold, along with the inability to engage in negotiations with the United States, deepen the existing challenges. These issues contribute significantly to the prevailing unrest among the populace as Iran grapples with a serious economic crisis.
Original Source: shafaq.com
