Tehran, Iran, Jun. 15
By Milad Fashtami - Trend:
The governor of Iran's Central Bank, Valiollah Seyf said that the bank will inject more foreign currency into the free market in the next few months.
Seyf said that value of Iran's currency, the rial, increased by 2.4 percent in the 11-month period from May 20, 2013 to April 20, 2014, Iran's Fars News Agency reported.
He went on to note that by injecting more forex to the free market, the price fluctuations will be decreased.
"The inflation rate is falling continuously," he said. "The government will continue its financial policies until the country's economy snaps out of recession."
"The economic growth is still negative, but the recession is not as deep of previous year," he explained.