MNA Governor of the Central Bank of Iran (CBI) said Tue. that except for a psychological atmosphere, nothing can negatively affect the countrys foreign currency market.
Abdolnaser Hemmati, Governor of the Central Bank of Iran (CBI), addressed the 56th Central Bank Annual Meeting on Tuesday in Tehran, where President Rouhani and a number of senior officials were present.
I started my tenure as the governor of the Central Bank seven months ago; during this period, we came under the US most severe sanctions; yet, the foreign currency rate only jumped by 12% during these seven months, whereas the US president had said he would destroy Irans national currency, Hemmati said in his address to the Central Bank Annual Meeting.
He said Irans financial market was the enemys most important target, adding currently, the market has come under proper control, to the point where the liquidity trend has not changed compared to the previous months.
The CBI chief maintained that the recent negative developments did not leave the slightest impact on the countrys liquidity, stressing that the Iranian banks are in a better condition now.
The conditions permeating the currency market are, at the moment, desirable, and we are going to take better decisions in the coming months that would improve peoples livelihood, he said.
Hemmati further noted that the countrys banknote reserves are in a good condition, adding we managed to control the market by spending the least expenses. The countrys reserves, meanwhile, have been on the rise, and our currency reserves outside the country are at a desirable level for imports.