28 Mar 2024
Monday 20 July 2015 - 16:35
Story Code : 172577

Central Bankers 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 Irans frozen assets in foreign banks and said that Irans 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 CBIs release of real figures will provoke a plunge in globally traded currencies, the same sources argue.

By IFP
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