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Iranian MP accuses Gov't on refusing USD supply in market

Iran Materials 11 September 2012 15:05
Member of Parliament Ahmad Tavakkoli said Iranian Government refuses to supply US dollars to open market, Mehr News Agency reported
Iranian MP accuses Gov't on refusing USD supply in market

Azerbaijan, Baku, September 11 /Trend D.Khatinoglu/

Member of Parliament Ahmad Tavakkoli said Iranian Government refuses to supply US dollars to open market, Mehr News Agency reported.

Tavakkoli noted that the main reason of USD rate increase in Iran is stopping US dollars offer among open markets by Central Bank of Iran (CBI).

"CBI has suspend USD supply two weeks ago," he said, criticizing USD price jump in Iran and falling of national currency's value.

USD rate broke new record last day, rising to 26, 200 rials, compared to 21.400 last week and 10, 400 rials in January 2011.

Today, Mehr reported that USD is being sold at 25,000 rials in open market.

The Central Bank of Iran (CBI) officially fixed the USD rate at 12,600 rials nine months ago and head of CBI Mahmoud Bahmani promised last day to keep the USD rate low (15, 000 rials) in near future.

According to Fars News Agency, Mahmoud Ahmadinejad, Ali Larijani and his brother Sadeq Larijani, the heads of Iran's triple executive, judiciary and legislature systems respectively held a meeting, mostly focused on USD fluctuations in Iran.

Increasing in acceleration of Iran's national currency value occurred after the European Union foreign ministers' latest meeting in Cyprus.

European Union heavyweights Britain, France and Germany called on their EU partners on Friday to impose new sanctions against Iran over its nuclear program, Reuters reported.

France's Foreign Minister Laurent Fabius said on Saturday the new restrictive measures against Iran would target "financial, commercial and oil aspects."

Fabius said the new sanctions should be ready in time for the next United Nations General Assembly, which gets underway on September 18 in New York.

Germany's Guido Westerwelle spoke of the EU adopting the sanctions on October 15.

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