Is the decline in oil revenues the main factor behind the recent exchange rate fluctuations in Iran? Mehdi Darbi, the Central Bank's assistant governor for foreign exchange affairs, explains: In oil economies, the control of the foreign exchange market is the real flow of sales and collection of oil revenues and the expectations arising from this. In such countries, the reduction of oil revenues limits the supply of currency and rapidly raises the exchange rate; Just like the pattern of 2014 and 2015, when the decline in oil revenues increased the exchange rate in Russia and Nigeria. Iran's 1404 and 1405 statistics repeat the same rule. The recent growth in the exchange rate is a natural response to the decline in oil revenues; Where the conditions of war and blockade limited the export of oil and the entry of currency, created negative expectations about the future of oil sales, and its pressure directly increased the price of currency.

Is the decline in oil revenues the main factor behind the recent exchange rate fluctuations in Iran? Mehdi Darbi, the Central Bank's assistant governor for foreign exchange affairs, explains: In oil economies, the control of the foreign exchange market is the real flow of sales and collection of oil revenues and the expectations arising from this. In such countries, the reduction of oil revenues limits the supply of currency and rapidly raises the exchange rate; Just like the pattern of 2014 and 2015, when the decline in oil revenues increased the exchange rate in Russia and Nigeria. Iran's 1404 and 1405 statistics repeat the same rule. The recent growth in the exchange rate is a natural response to the decline in oil revenues; Where the conditions of war and blockade limited the export of oil and the entry of currency, created negative expectations about the future of oil sales, and its pressure directly increased the price of currency.