How do oil revenues change the course of the currency market?
Although in the long term, the foreign exchange market is more efficient than macro indicators such as inflation and liquidity growth, the high impact of oil exports on this market cannot be ignored. An 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 whenever the restrictions on exports Oil is tightening, the local currency market is accompanied by price increases.