BAKU, Azerbaijan, June 16
By Elnur Baghishov –Trend:
External debts to Iran in foreign currency must be paid, Iranian President Hassan Rouhani said at a meeting of the government's economic coordination committee, Trend reports citing Iranian President office’s website.
According to Rouhani, in this regard, the officials of the Ministry of Foreign Affairs and the Central Bank of Iran should hold multilateral consultations.
Thus, Rouhani said, when the debts are paid, Iran's currency market won't be facing as many problems.
"Providing necessary foreign currency to meet Iran's needs is one of the top priorities," he said.
The president said that the US sanctions against Iran should not lead to higher prices for basic goods used by Iranian citizens.
The US imposed new sanctions on Iran in November 2018. Over the past period, the sanctions affected Iranian oil exports, more than 700 banks, companies and individuals. The sanctions have cut off Iran's banking ties with many countries.
Recently, the exchange rate of foreign currencies in Iran has been rising. At present, the official exchange rate of the Central Bank of Iran is $1 equals to 42,000 rials. According to the SANA exchange rate announced by the Central Bank of Iran to banks and exchange offices, $1 equals to 178,000 rials.
According to the NIMA exchange rate that created for exporters to sell a portion of their export earnings to banks $1 equals to 158,000. On the black market, the price of 1 dollar varies between 178,000-181,000 rials.