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Iranian currency jump more than 3 % after nuclear deal ( pfp)

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dealerdean


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Iranian currency jumped more than three percent against the U.S. dollar on Sunday, after the news to reach agreement on Tehran's nuclear program, which boosted hopes that the country's economy is recovering.

Traders said that the Iranian currency recorded about 29 thousand riyals to the dollar on the free market in the capital, Tehran, compared with about 30 thousand before the agreement reached by the diplomats in Geneva in the early hours today.

Said Nariman Avlana trader in group A. AFP. Aye, a civil engineering firm Iranian phone "feel the sentiment is positive inside Iran," and added that the prices of construction materials such as ceramics and cement down in his own country, because people are hoping for a gradual easing of sanctions, including easier imports from abroad.

It uses most of the Iranian individuals and companies the price of the free market for currency. It uses the official exchange rate announced by the Central Bank of Iran by some quasi-governmental companies that gain preferential treatment in getting the dollar has stabilized on Sunday at 24 thousand and 822 riyals to the dollar.

Under the Geneva Accord get Iran to ease sanctions includes unlimited access to 1.5 billion dollars of revenue trade gold and precious metals, and permission to convert 4.2 billion dollars of oil export revenues across the border
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