Dollar Drops 3,000 Tomans Today; Hemmati Promises Further Decline in Exchange Rate

The free-market dollar fell by about 3,000 tomans from yesterday to reach 262,000 tomans today. Abdolnaser Hemmati, Governor of the Central Bank, also announced that the downward trend in the exchange rate will continue, a trend that shifted after the central bank’s intervention in the market.

The price of the dollar in the open market today decreased by 3 thousand tomans compared to the previous day and reached about 262 thousand tomans, and at the same time the head of the central bank also said that the downward trend of the exchange rate will continue.

According to Ambassador Arjan, the head of the central bank, Abdul Naser Hemmati, said on Monday that the trend of the growth of the dollar rate has decreased due to several measures taken by the central bank, and this "declining trend will continue."

Hemmati says that the enemy is trying to stop this process with "media shock and fake news and lies".

With the price of the dollar passing 235 thousand tomans at the beginning of October, US Treasury Secretary Scott Bessant tried to intensify the expectations in the currency market by publishing charts and conducting numerous interviews.

At the same time as Basant's statement, the price of the dollar increased in the open market and at one point entered the channel of 270 thousand tomans.

However, with the entry of the Central Bank into the market and the active implementation of the policy of intervention in the banknote market, the increasing trend of the dollar price changed and its current rate has decreased by about 3 thousand tomans compared to the previous day and has reached 262 thousand tomans.