WANA (May 29) – With the publication of positive political news and the arrival of the King of Oman to Iran, the currency market entered a falling phase. So, each US dollar decreased by about 300 tomans to 51 thousand 512 tomans in the Tehran market yesterday.

 

Market activists believe that the reduction in prices and the possibility of a further drop in the dollar price have caused buyers to stop buying dollars because, with the visit of the King of Oman, speculations about the JCPOA started again.

A board shows currency exchange rates in Tehran, Iran December 25, 2022. Majid Asgaripour/WANA (West Asia News Agency)

A board shows currency exchange rates in Tehran, Iran, December 25, 2022. Majid Asgaripour/WANA (West Asia News Agency)

Suppose the Sultan of Oman brought the message of America to Iran; with this message, the two sides return to JCPOA negotiations. In that case, we will witness a sharp fluctuation and a decrease in the price of foreign currencies.

 

This group of market activists says the dollar can fall below the channel of 50 thousand tomans with the news of the JCPOA.