Iranian Central Bank head denies information about exchange of currency reserves in euro into dollars and gold
Azerbaijan, Baku, June 5 / Trend /
The head of the Central Bank of Iran, Mahmoud Bahmani has categorically denied the information about exchange of currency reserves denominated in European currency - 45 billion euros into dollars and gold, spread by some media. He said that this information is wrong, Fars agency reported.
Earlier, TV channel Press TV reported that Central Bank of Iran presented a new economic strategy, which involves transferring of Iranian foreign reserves amounting to 45 billion euros into dollars and gold. The reason for such decision was the stagnation in the European economy that hit the euro.
The new monetary policy of the bank appeared amid a new phase of economic recession in European countries such as Greece and Spain. It caused a drop in the value of a single European currency towards the dollar on world markets.