{"id":9012,"date":"2010-10-06T00:00:00","date_gmt":"2010-10-05T23:00:00","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/issues\/economy\/9012-currency-and-gold-markets-in-iran-on-the-verge-of-collapse-al-arabiya"},"modified":"2023-01-13T17:03:53","modified_gmt":"2023-01-13T16:03:53","slug":"currency-and-gold-markets-in-iran-on-the-verge-of-collapse-al-arabiya","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/economy\/currency-and-gold-markets-in-iran-on-the-verge-of-collapse-al-arabiya\/","title":{"rendered":"Currency and gold markets in Iran on the verge of collapse: al-Arabiya"},"content":{"rendered":"<p><img decoding=\"async\" title=\"crash-iran-ecinomy\" class=\" alignright size-full wp-image-35947\" src=\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/sites\/2\/2010\/10\/crash-iran-ecinomy.jpg\" border=\"0\" alt=\"Iran economy Crashed\" width=\"150\" height=\"119\" align=\"right\" \/>NCRI \u2013 In a report on the impact of sanctions on the Iranian regime, which has led to an \u200eeconomic crisis, the Arab language al-Arabiya TV said on Sunday that monetary \u200eimbalances is one of the outcomes of international punitive measures against Tehran.\u200e<\/p>\n<p>The TV said Iran\u2019s merchants are increasingly blaming the regime for the Bazaar\u2019s recent \u200emisfortunes.\u200e<\/p>\n<p>According to al-Arabiya, an extension of such measures can lead to the collapse of the \u200ecurrency and gold markets in Iran. \u201cThis is a warning that foreign exchange shops have \u200eissued. They have ceased all currency trade and are now fearing currency debasement.\u201d\u200e<\/p>\n<p>\u200e\u201cAccording to reports obtained by al-Arabiya, trade in currency and gold markets in Iran \u200ehave come to a halt, and there is evidence that the tension is linked with international \u200esanctions against the regime,\u201d the TV said.\u200e<\/p>\n<p>It also added that gold sellers in the southern city of Ahvaz have joined an extensive \u200eprotest already covering gold bazaars in Tehran and other major cities. Merchants are \u200echallenging the regime\u2019s claims that it is capable of resolving the crisis, al-Arabiya said.\u200e<\/p>\n<p>While a bank has declared the exchange rate for Iran\u2019s currency to be 1,850 Tomans for \u200eevery dollar, foreign exchange retailers are refusing to carry out their activities, with one \u200eof them telling al-Arabiya that the foreign currency market in Iran is now facing a crisis.\u200e<\/p>\n<p>According to experts, currency traders and the gold coin market may face new tensions \u200eespecially since the current situation in Iran has been unprecedented in the past decade, \u200ethe TV report added.\u200e<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NCRI &ndash; In a report on the impact of sanctions on the Iranian regime, which has led to an &lrm;economic crisis, the Arab language al-Arabiya TV said on Sunday that [&#8230;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[175],"class_list":{"0":"post-9012","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy","7":"tag-updated"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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