Iran’s Central Bank launched a new 200,000 Toman banknote amidst severe economic turmoil, with the currency value plummeting. The note features the Mosque of Ruhollah Khomeini and artwork by Mahmoud Farshchian. The US dollar currently trades at 95,300 Toman, reflecting rising inflation and market uncertainty.
On Friday, Iran’s Central Bank introduced a new banknote series, prominently featuring a 200,000 Toman note, valued at approximately 1.9 USD. This new design showcases the Mosque of Ruhollah Khomeini in Isfahan on its front, while the reverse side displays a painting titled “Chogan” by noted artist Mahmoud Farshchian.
This release occurs amid serious economic distress in Iran, characterized by widespread protests driven by deteriorating financial conditions and significant depreciation of the national currency. Currently, the US dollar exchange rate has risen sharply to 95,300 Toman, with gold bullion coin prices exceeding 79 million Toman.
The ongoing decline in the currency value is compounded by the recent comments from Supreme Leader Ali Khamenei, who firmly rejected negotiations with the United States, thereby amplifying market uncertainties and contributing to the economic turmoil.
In summary, the introduction of the 200,000 Toman banknote by Iran’s Central Bank comes at a crucial time amidst significant economic challenges. The soaring exchange rate of the US dollar and the escalating price of gold coins illustrate the dire financial situation. Moreover, political factors, particularly the Supreme Leader’s stance on negotiations, further exacerbate the existing economic instability.
Original Source: shafaq.com
