Rial Gains as Currencies Fall

The rial added to recent gains on Sunday as major foreign currencies retreated.  The dollar lost 3% at the Tehran’s open market or 9,000 rials to settle at 275,500 rials at the close of the session. 
Staying on descending path in the past two weeks, the American currency has lost almost 9% against the rial and given up 23,000 rials since Dec. 30. 
The decline is seemingly driven by a new sense of optimism about the success of difficult talks underway to revive Iran’s 2015 nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA).