The Central Bank of Iran continues to reduce USD rate
Azerbaijan, Baku, June19 /Trend/
The Central Bank of Iran plans to keep reducing USD exchange rate by some measures such as increasing bank interests and injecting more USD at exchange market, Mehr News Agency reported quoting the Governor of Central Bank of Iran Mahmoud Bahmani as saying.
"The Central Bank of Iran will reduce USD rate from 11,900 to 11,000 rials," he said.
Bahmani noted the CBI plans to continue the process of reducing USD exchange rate until the prices in market can get balance.
The USD traded 11,900 rials in independent foreign exchange market on Saturday.
The Central Bank of Iran also plans to increase bank's interests to balance the foreign exchange market .