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Iranian Central Bank: Relative stability ensured in foreign exchange market

Finance Materials 12 January 2019 19:23 (UTC +04:00)

Tehran, Iran, Jan.12

Trend:

Relative stability has been ensured in Iran’s foreign exchange market, Trend reports citing a statement issued by the Central Bank of Iran (CBI).

“With the support of the government, parliament and the judiciary, we have been able to create a relative stability in the foreign exchange market and maintain the stability of the money market,” reads the statement.

CBI said that in recent months, despite the efforts of the United States to exert economic and psychological pressure using various instruments, the Central Bank of the Islamic Republic of Iran achieved that.

“Obviously, this situation pushed some people to spread of a lot of rumors, especially about banks and to shake the economic sector,” CBI said

The Central Bank of the Islamic Republic of Iran called on people not to pay attention to rumors about the banks and to ensure that the CBI, as the guardian of the money market, defends the rights of the people and will not allow any damage to their assets.

On January 10, the Central Bank of Iran denied the bankruptcy report of one of the Iranian banks. However, the statement does not mention the name of the bank. Recently, the issue of bankruptcy of Ayandeh private bank has been raised in social networks.

The Central Bank of Iran attributed the news about the bankruptcy of one of the banks of the country to "well-known media", saying that the purpose of such reports is to hit the Iranian currency market.

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