The dollar rate in Iran's free market fell below 21,000 Tomans
The US dollar rate in Iran's free market fell to 20,850 Tomans on Wednesday, May 5, which is the lowest rate since July last year.
The dollar rate at the beginning of last year was 16,000 tomans, but in the fall of that year it peaked at 32,000 tomans and has been declining with fluctuations over the past few months.
Over the past few weeks, the dollar exchange rate in Iran's free market has fluctuated between 22,000 and 25,000 tomans, but in recent days it has declined slightly.
The dollar price in Iran's open market fell by more than six percent on Wednesday compared to the previous day.
The price of the Bahar Azadi coin has also been declining in recent weeks along with the dollar exchange rate.
The Bahar Azadi coin, which reached 15 million tomans at the peak of the dollar exchange rate last fall, traded below 9 million tomans on Wednesday.
Currency fluctuations in Iran's free market last year largely coincided with the massive injection of foreign currencies into the market by the Central Bank, but this financial institution has not provided statistics on the amount of foreign currency injected into the market in recent days.
However, some media outlets and representatives of the conservative faction claim that the Central Bank is injecting more foreign exchange into the market to adjust its rate in the midst of nuclear negotiations. Representatives of Iran and the JCPOA Commission countries are negotiating in Vienna for Tehran and Washington to return to their commitments in the JCPOA.
On Tuesday of this week, Abdolnaser Hemmati, the governor of the Central Bank of Iran, rejected the accusations of the fundamentalists and said that these days, some statements are trying to portray the Central Bank's actions to adjust the exchange rate, which are in line with "an effort to strengthen the value of the national currency and respond to an important demand of the people," as a political move.
Of course, international statistics, including tanker tracking companies and reputable news agencies such as Bloomberg and Reuters, show a surge in Iranian oil exports over the past four months.
Iran's average daily oil exports to China last year were estimated at 320,000 barrels per day, but this figure has more than doubled in the past four months.
On the other hand, according to Iranian Customs, Iran's non-oil exports grew by 80 percent in April this year compared to the same month last year.
Source: Radio Farda
