How do oil revenues change the course of the currency market?

The analysis of Iran's oil export statistics from unofficial and secondary sources and the point-to-point growth of the dollar exchange rate in the free market over the past decade indicates the connection between the restrictions on the sale of oil and the formation of waves of currency fluctuations, so that every time the restrictions on oil exports are tightened, the local foreign exchange market is accompanied by an increase in prices.

🔹 In the last decade, Iran's economy went through three main waves of exchange rate fluctuations, which included the years 1397, 1399 and 1405; In all three of these periods there was first a tightening of restrictions or a reduction in oil export prospects, and then it quickly showed its effect on the currency market with the jump in rates; This issue showed itself clearly this year after the US naval blockade against Iran.

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