Why Did the Exchange Rate Decline

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Why did the exchange rate decline?

Kamran Soltanizadeh, the Secretary General of the Exchange Association, in an interview with Khabar Online News Agency, says about the currency market situation that for the past few months, due to the increased freedom of exchanges in buying and selling currency, the market has naturally taken a downward trend. Currently, many currency sellers, like major exporters, can sell their currency to exchanges, and people can also meet their needs through exchanges. The reason for the decline in the exchange rate was also due to the entry of exchanges into the cycle of agreed transactions, which happened based on the Central Bank’s decision, and it was a well-placed decision.

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