Why Did the Exchange Rate Decline

IranGate
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Why Did the Exchange Rate Decline

Why did the exchange rate decline?

Kamran Soltanizadeh, the Secretary General of the Exchange Association, in an interview with Khabar Online News Agency, says regarding the currency market situation that in recent months, due to the freedom given to exchanges in buying and selling currency, the market has naturally taken on a downward trend. Currently, many currency sellers, such as major exporters, can sell their currency to exchanges, and people can also meet their needs through exchanges. The reason for the decrease in the exchange rate was the entry of exchanges into the cycle of negotiated transactions, which happened based on the decision of the Central Bank, and it was an appropriate decision.

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