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The price of the dollar in the Iranian parallel market has surpassed 2.2 million rials, reaching a record low level amid increasing pressures on the Iranian rial following renewed military confrontation with the United States. The Central Bank of Iran announced its readiness to inject two billion dollars into the market to counter currency fluctuations, after providing 18 billion dollars since the start of the Iranian year to cover basic needs, affirming that it has the necessary resources to manage the market. This deterioration in the currency's value comes amid escalating military tensions between Tehran and Washington. The recent surge in exchange rates is partly attributed to prevailing psychological factors, with the Iranian Central Bank denying talks of an imminent economic collapse, despite ongoing sanctions and military tensions.
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