Iran reaches stability in foreign currency market - CBI head
Tehran, Iran, Oct.11
Iran has reached stability in the foreign currency market without using foreign currency reserves, said the Governor of Iran's Central Bank Abdolnasser Hemmati.
"The Central Bank of Iran implemented limitations in monetary and foreign currency policies, achieving control over the foreign currency rate and stability in the market without losing the foreign currency reserves," said Hemmati, Trend reports citing Mehr News Agency.
"Preventing capital outflow and paying attention to fundamental factors that forms the foreign currency rate, the CBI's solutions helped to confront sanctions," he added.
Hemmati named CBI's constructive presence in the foreign currency market and providing official foreign currency rate for importers of basic material; providing benefits to exporters from return of foreign currency revenues - among the reasons that helped Iran to stay afloat.