The evaluation of the foreign exchange market in Iran shows that exchange rate fluctuations have been influenced by political events, including international sanctions. The origins of this impact were the single-product economy and the strong dependence on oil sales, the lack of diversification in the export basket and the severe current account impact, as well as the impact of foreign investment within the country's borders. The results show that sanctions the following year had a direct and strong effect on the exchange rate through the introduction of negative shocks to oil foreign exchange earnings, the emergence of barriers and problems to Iran's trade with the international world and the inflow of foreign capital into the country. Also, CPI shows a positive and significant relationship with exchange rate growth, on the other hand, the relationship between GDP and the exchange rate is estimated to be reversed, indicating export focus at the time of GDP growth. This has further stimulated the supply of foreign currency and helped reduce the exchange rate.
safari takht shirini, M., & tahamipur zarandi, M. (2017). Strategic Investigation of the Impact of Sanctions on the Currency Rate of the Financial Account Channel. Economic Strategy, 6(22), -.
MLA
meysam safari takht shirini; morteza tahamipur zarandi. "Strategic Investigation of the Impact of Sanctions on the Currency Rate of the Financial Account Channel". Economic Strategy, 6, 22, 2017, -.
HARVARD
safari takht shirini, M., tahamipur zarandi, M. (2017). 'Strategic Investigation of the Impact of Sanctions on the Currency Rate of the Financial Account Channel', Economic Strategy, 6(22), pp. -.
VANCOUVER
safari takht shirini, M., tahamipur zarandi, M. Strategic Investigation of the Impact of Sanctions on the Currency Rate of the Financial Account Channel. Economic Strategy, 2017; 6(22): -.
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