TEHRAN, Iran, June 23
Trend:
The shock in foreign currency market is temporary and does not have economic reason, so the balance should return to the market, said Iranian President Hassan Rouhani.
"Recent fluctuation in foreign currency market is not based on economic situation, it is international pressure on Iran that caused the chaos in the market," said Rouhani, Trend reports citing Mehr News Agency.
"Financial markets should follow policies to control foreign currency rate, and we should all try to overcome psychological pressure and control the temporary fluctuation that lead to the increase in rates," the head of state said.
"All the monitoring organizations will cooperate with the Central Bank of Iran to deal with dealers and those who abuse the situation. The return of export's foreign currency revenue is a safe way to restore stability in the foreign currency market," added the president.
"Reopening of borders and increasing export volume will further facilitate the return of foreign currency revenue to the economic cycle and therefore, create stability in the foreign currency market," he said.
"The government is seriously following implementation of its monetary policies including control of liquidity and inflation and management of foreign currency rate and financial markets," he said.