Baku, Azerbaijan, Feb. 13
By Khalid Kazimov – Trend:
Iran's Vice President for Economic Affairs Mohammad Nahavandian has said that the government will take the required measures to tackle the surging currency prices.
Under the plan Central Bank of Iran and Oil Ministry will publish foreign currency bonds to bring about balance to the country’s currency market, IRINN TV channel reported.
Saying that the government is against the hiking currency prices, he added that the administration’s financial policy is stabilizing the currency market.
He further added that the most substantial way to stabilizing the currency market in bring the inflation rate under control.
Nahavandian described the “psychological” reasons as the most the main reason behind the surging currency rates.
Over the past weeks the rate of foreign currencies against the Iranian national currency experienced a sharp jump.
According to the country’s real-time data sharing system, SANA, euro valued 59,860 rials in the free market on Tuesday, adding 1.43 percent. The Central Bank of Iran (CBI) put the official rate of euro at 45,539 rials.
The USD was quoted at 48,537 rials in the free market gaining 2.56 percent compared to the preceding day. The CBI put the official rate for the greenback at 37,019 rials.