Iran’s Central Bank Chief Says Currency Weakness ‘Temporary’
7 Articles
7 Articles
The head of the Central Bank, Abdolnaser Hemmati, tried to calm the market, but with little success.
AGI - The Iranian rial continues its descent and has hit a new historical low on the black market, falling to about 2 million rials for a dollar. According to Bloomberg, the collapse of the currency arrives on the eve of a new economic strait announced by Washington, which aims to increase the pressure on the financial system of the Islamic Republic. The rial collapses after the US pressures To contribute to the nervousness of the markets were m…
Iranian Rial Hits New Low, but Central Bank Chief Insists Drop is 'Temporary'
TEHRAN: The Governor of the Central Bank of Iran, Abdolnaser Hemmati, has characterized the recent sharp decline of the country’s national currency as “temporary,” downplaying market volatility as the Iranian rial hit new historic lows. Speaking on state television on Monday, Hemmati assured the public that the foreign exchange spikes are short-term market fluctuations and […] The post Iranian Rial Hits New Low, but Central Bank Chief Insists Dr…
The governor of the Central Bank of Iran said Monday that the depreciation of the national currency against foreign currencies is "temporal," while the value of the Iranian rial continues to plummet.
Iranian Central Bank Governor Abdolnasser Hemmati stated that the necessary foreign exchange resources would be secured for the import of essential goods and medicines, adding that the exchange rate difference was temporary and that the foreign exchange policy should not be changed due to short-term fluctuations.
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