Iran's currency shows a sign of rebound after unconfirmed reports suggested that Washington authorized transactions on Iranian funds in Iraq and other countries.
The dollar fell by nearly two percent in the Iranian market on Sunday to trade at 239,900 rials.
The euro fell 2.25 percent against its late Saturday price to sell at 288,730 rials, said the same report.
Rial’s rebound came on the back of remarks by various sources showing that Iran had gained access to its blocked funds in Iraq, South Korea and Oman.
The funds are part of nearly $40 billion in money that various countries owe to Iran for imports of crude before the US imposed sanctions on Tehran in 2018 after pulling out of an international deal on Iran’s nuclear activity.
Seyyed Hamid Hosseini, a senior Iranian businessman involved in energy trade and a key exporter to Iraq, said on Sunday that unblocked funds in the three countries amount to $3 billion.
The recent rebound trend began over the weekend to the news about the funds, as well as to indications from the Iranian government that a high-ranking legislative body in the country may finally ratify requirements demanded by the international anti-money laundering organization FATF.