Central Bank of Iran: foreign currency prices to fall in country
BAKU, Azerbaijan, August 8
By Elnur Baghishov – Trend:
The price of foreign currency, mainly the dollar, will fall in Iran, Director General of the Central Bank of Iran (CBI) Abdolnasser Hemmati said, Trend reports citing the CBI.
According to Hemmati, currently, the real value of foreign currency, the dollar in particular, in Iran is very low compared to the market price.
The director general added that the value of the dollar has become an important index in the Iranian economy.
"All means will be used to reduce the price of foreign currency in Iran and restore balance," he said.
Hemmati stressed that the efforts of the Central Bank of Iran only to reduce the price of foreign currency are insufficient. In his words, the bank needs cooperation from other areas, including trade, finance and the justice system.
Recently, the price of foreign currency in Iran, mainly the dollar and the euro, has risen again. Thus, according to the currency exchange rate of the Central Bank of Iran, $1 equals 42,000 rials and 1 euro equals 49,000 rials; at SANA rates, $1 equals 230,000 rials and 1 euro equals 267,000 rials; while in black market, $1 equals 229,000-231,000 rials and 1 euro equals 266,000-269,000 rials.