Hopes for a US-Iranian deal are putting pressure on the dollar and supporting the toman.
Hopes for a US-Iranian deal are putting pressure on the dollar and supporting the toman.
2026-05-24
Shafaq News – Tehran
The US dollar fell against the Iranian toman on Sunday, amid rising expectations that an agreement or temporary understanding between Iran and the United States could be reached in the coming hours.
The price of 100 dollars reached about 16.8 million tomans in wholesale transactions, while it recorded 16.7 million tomans in individual transactions, indicating that one dollar was trading between 167,000 and 168,000 tomans.
This decline comes in conjunction with international reports and statements exchanged between Washington and Tehran that spoke of progress in talks.
Reports indicated the existence of a preliminary memorandum of understanding that could open the door to a broader agreement on de-escalation and the nuclear issue, which boosted market expectations of a possible economic breakthrough.
Traders believe that the increased likelihood of an agreement has led to a decline in demand for the dollar for speculative and hedging purposes, in parallel with growing hopes for the possibility of easing economic pressures and increasing foreign currency inflows, which has given the Iranian toman a temporary boost in the market.
Earlier today, Axios revealed that Washington will agree to negotiate the lifting of sanctions and the unfreezing of Iranian funds within a period of 60 days, while the American forces that were deployed during the past months will remain in the region and will not withdraw unless a final agreement is reached.
US President Donald Trump announced late Saturday that a preliminary agreement had been reached with Iran, which includes opening the Strait of Hormuz.
shafaq.com
