Central Banker’s unreal statistics meant to keep Forex rates steady

An informed source has disputed the statistics the governor of the Central Bank of Iran (CBI) announced Wednesday on Iran’s frozen assets in foreign banks and said that Iran’s petrodollars, which stand at around $120b, is kept in South Korea, India and China.

This comes as other sources say by releasing unreal statistics Valiollah Seif sought to prevent a dramatic drop in foreign exchange rates.

The CBI’s release of real figures will provoke a plunge in globally traded currencies, the same sources argue.

By IFP