The price of the US dollar and other major currencies has fallen in Iranian markets on the back of increased government injections and the prospect of easing political and regional tensions.
The US dollar fell to 805,000 rials on Sunday from 825,000 rials at the close of trading on Saturday, according to Iran's main website that monitors exchange rates.
Other currencies also fell against the rial following reports that state-run petrochemical companies were channeling more of their export earnings to a currency market run by Iran's central bank.
The decline gave the rial new momentum and led to hopes that the Iranian currency would strengthen further after weeks of losses.
According to reports, the main reason for the decline in the dollar price in the Iranian market is the government's decision to enter the currency market and inject currency.
They say state-owned companies, which are required by law to supply export proceeds to the Iranian Currency and Gold Exchange Center (ICE), allow importers access to hard currency at below-market rates. He said he has recently increased the amount of injections. day to day.
The semi-state Tasnim news agency said in a report on Sunday that several large petrochemical companies are arranging to increase their hard currency supply to ICE in the coming days to further influence prices.
Sadegh Sabaedi, a member of the Iranian Chamber of Commerce and Industry, said the dollar price could fall by up to 10% in the coming days.
Sabaedi said the rise in the price of safe-haven currencies in recent weeks was mainly due to regional developments and political tensions between Iran and the West.
