Iranian currency gains 15 percent after ceasefire
The value of the Iranian currency (the Toman) declined by over 15% in just a few days, following the agreement reached between Iran and the United States to end the war that had placed significant pressure on the Iranian economy. This development contributed to stabilizing the foreign exchange market and raised expectations of an economic improvement after years of inflation and sanctions. The exchange rate of the dollar dropped to around 152,000 tomans, after reaching a peak of 190,000 tomans last March.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)