BAKU, Azerbaijan, December 19. The inflation rate in Iran has decreased to 39.9 percent, Director General of the Central Bank of Iran (CBI), Ali Salehabadi said at a press conference in Tehran on December 18, 2022, Trend reports citing IRNA.
The director said that when the current government came to power in Iran (August 2021), the inflation rate in the country was 59.3 percent.
“At present, the liquidity in the country is 34.3 percent. By the end of the current Iranian year (March 20, 2023), this figure is expected to decrease to 30 percent, and less than 25 percent in the next year,” Salehabadi added.
Meanwhile, he noted that when the current government took office, liquidity in Iran was 42.8 percent.
According to the official, inflation is still very high in the country. The Central Bank of Iran is taking all steps to reduce inflation.
Salehabadi also pointed out that an unofficial increase in the US dollar price in Iran is currentlyunacceptable. Part of this is due to the US interest rates. This resulted in an increase in the value of the US dollar in the world.
On the black market, $1 is worth about 392,000-395,000 rials, while 1 euro is worth about 417,000-420,000 rials.
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