CBI has full control over the currency market: Official

IRNA – Central Bank of Iran (CBI) retains its current policies on controlling the currency exchange market based on the experts’ viewpoints and the economic realities of the society, said CBI head.

Relative stability along with reinforcing the national currency has calmed the market, wrote Abdolnaser Hemmati on his Instagram page.

He stressed the good condition of the country’s current foreign exchange reserves, adding, CBI utilized its full capacities to enhance economic growth and makes every effort to safeguard the deposits of Iranians in banks.

Fluctuations have faded away in Iran’s foreign exchange, gold, and coin market in recent weeks, rolling back the prices to that of five months ago.

Experts believe that the decisions of CBI have successfully lowered the demand for money in domestic market and brought economic stability.