728 x 90

Iranian regime's artificial manipulation of dollar prices

Iran’s regime is controlling the price of the dollar and decreasing it in an artificial manner to save face
Iran’s regime is controlling the price of the dollar and decreasing it in an artificial manner to save face

Analysis by PMOI/MEK

 

Iran, July 30, 2019 - The Iranian regime's artificial decreasing of the U.S. dollar's exchange rate and the relative high price of the euro is helping the government make profits.

Currently, the Iranian market is dealing with the phenomenon of selling the U.S. dollar at cheap prices and the euro at high prices. It has created such a situation that if someone purchases a U.S. dollar in the official market, exchanges it to euro outside of Iran and sells it back in Iran's market, they will have a daily 2.34% profit, Euronews reported, while calculating the currency rate's movement in the recent days.

Meanwhile, regime’s state-run media Rouydad 24 wrote: "The liquidity giant has awakened recently and has transformed from quasi-money to real money, trickling to nonproductive markets such as the currency, coin, and more recently the real state sphere. This has caused inflation and disorder to take the entire market."