Arman-e Melli Newspaper: Has the government learned from the recent currency fluctuations?
In recent months, with the diminishing likelihood of an agreement between Iran and the West on the nuclear issue, we witnessed an uncontrolled increase in the rates of currency, gold, and coins. However, in recent days, with the visit of the Director General of the International Atomic Energy Agency to Iran and positive news from him regarding an agreement to resolve the remaining issues between Iran and the Agency, we observed a decrease in the currency rates.
Subsequently, with the release of news about China’s mediation between Iran and Saudi Arabia and the news of an agreement between Iran and Saudi Arabia, the rates were significantly adjusted. It is even predicted that in the future, with the exchange of prisoners between Iran and the USA and the resolution of some other issues, the currency rates will return more rapidly to previous levels.
It seems that the government should learn the most from the retreat of rates based on positive news, because in recent days, only the news regarding the possibility of an agreement with the Agency and an agreement with Saudi Arabia caused the market to react positively to the future, as hopes for improving Iran’s international conditions have increased.