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Central Bank of Iran continues its foreign currency policies

Business Materials 15 April 2021 09:27 (UTC +04:00)
Central Bank of Iran continues its foreign currency policies

TEHRAN, Iran, Apr.15

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Central Bank of Iran continues its foreign currency policies based on available resources and without relying on the country's blocked sources, said the Governor of the Central Bank of Iran (CBI).

"The foreign currency market has reached stability in recent months by extra efforts of the Central Bank of Iran and cooperation of exporters and better economic outlook," said Abdolnaser Hemmati, Trend reports citing Mehr News Agency.

"The Central Bank of Iran would manage foreign currency market gradually without any irrationality and appropriate to factors affecting foreign currency supply and demand in the secondary market," he said.

"The recent report of the International Monetary Fund overestimation of the Central Bank of Iran's estimated foreign currency reserves was a false report and result of incomplete information. Issuing the wrong estimation without CBI confirmation is discriminating and not a suitable behavior for the IMF," he posted on his Instagram account.

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