German press: Iranian Rial loses in price due to the desire of citizens to have a stronger currency

The sanctions against Iran, who left the Iranian banks and preventing oil exports, caused serious damage to the economy. Since June 2011, as Tagesanzeiger writes, Iranian Rial lost almost two -thirds of the cost against the dollar.

The Iranian leadership, resolutely rejecting the economic motives of what happened, declares "psychological pressure" and launches the special services. According to the Minister of Trade Mehdi Hasanfari, the "merchants" deliberately overstate the price for making maximum profit, the site inopressa.ru quotes publication.

"Our special services must act against the culprits of fluctuations in the foreign exchange market," Hasanfari said. However, the politician did not call the names of the "culprits" and did not explain how the Iranian authorities would fight them.

Die Welt notes that, most likely, the course of the course occurred due to the currency center established by the government, which supplied importers with the American currency, and the desire of citizens of the country to exchange their money for more firm currency. Currently, official Tehran claims 25 percent inflation.

According to Israeli estimates, due to the Iran’s oil industry embargo, supposedly developing nuclear weapons and denying all charges in his address, he has already lost 45 to 50 billion US dollars, the article said.