Central Bank to sort out Iran's currency rate jumps - Iran's president
Azerbaijan, Baku, Oct. 2 /Trend S.Isayev, T. Jafarov/
The Central Bank of Iran will eventually sort out this problem of jumping currency rates, Iran's president Mahmoud Ahmadinejad said today at a press conference in Tehran, Press TV reported.
Answering the question from IRNA at the press conference, regarding yesterday's 17 percent drop of Iran's national currency - rial - towards the USD rate.
On Monday, a USD was sold at 29, 700 rials in the morning, but sharply increased to 35, 500 rials by the evening. As a result of the rapid drop, as much as 660 trillion rials in cash assets of country's citizens were lost yesterday evening.
Earlier today, Iran's foreign currency rates have dropped.
In the first half of the day, the dollar price at Tehran markets cost 36,500 rials, while now the rate has come down to 32,600 rials.
The Europ price has dropped as well, currently standing at 43,000 rials, compared to 47,200 rials earlier.
British pound fell from 55,800 rials to 52,100 rials.
Ahmadinejad said that this has been going on for much longer than a couple of days.
"There are certain elements that are pressuring. One of them is that enemies have announced the sanctions towards the oil sales of Iran, and second is that these sanctions also affect banking," Ahmadinejad said, adding that this problem will eventually be solved.
The president noted that it is a battle, which Iran's enemies think they can win, adding that there's also a psychological factor that is present at the market, that affects the prices.
"This situation with economy did not start today, it has started some 50 years ago," Ahmadinejad said.
Later, the president brought up some figures about country's imports, noting that Iran's imports have increased by some 2 million tons in last six months, compared to the same period of last year.
Ahmadinejad noted that while the amount of import has increased, the value did not, a he named a 12 percent reduction in values of the same imports amounts (17 million tons to 19 million tons, compared by six months from last year and this year).