People are saying a month later & after Trump's May 12th decision deadline on the fate of the nuclear deal, prices could skyrocket well beyond the 50,000 mark.
US $ - 61,000 rials
Jahangiri $ - 42,000 rials
To purchase Jahangiri dollars, go to the fruit store at your corner.
These goes parallel to the US Treasury Secretary announcing heavy sanctions to come against Tehran.
Currency exchanges refuse to show any rates.
The regime announced a fixed currency rate, the rial, at 42,000/dollar, to control its nosedive. This is how currency exchanges are responding.
Tehran is facing a major economic crisis.
Reports indicate the US dollar is selling (on the black market) at over 60,000 rials.
Economic crisis escalating as domestic & international dilemmas pile up for the ruling regime.
This shows a $20.6 billion decrease in comparison to the same period two years before.
(Official exchanges are closed)
Anyone attempting to exchange currency is arrested.