Currencies Retreat in Tehran Market

Forex rates declined on Wednesday in Iran as positive reports about Iran’s access to its overseas frozen assets weakened sentiment in the currency market.
The dollar lost more than 1.2% or 3,000 rials to retreat to 244,600 rials in the open market. The greenback was relatively stable and traded around 249,000 rials in the past two weeks.
Market observers say currency dealers and speculators were perturbed about reports that the US is to allow Iran access to a portion of its frozen assets in South Korea and Japan.
The American newspaper Washington Free Beacon reported Wednesday that the US would waive sanctions on Iran's oil trade so that the country can access frozen funds from South Korea and Japan.