Tasnim � Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati highlighted the stability in the country�s foreign exchange market and the recovery of the Iranian currency rial against the US dollar in recent months despite US pressures and sanctions.

In a post on social media on Tuesday, Hemmati said despite the US government�s policy of �maximum pressure� against the Islamic Republic, the Iranian rial has risen against the US dollar over the past five months.

The top banking official also published a diagram showing the downward trend of the exchange rate comparing the US dollar to the Iranian rial.

Back in January, Hemmati explicated the CBI�s plans to neutralize the economic pressures and psychological war waged by the US and its allies with the aim of destabilizing Iran�s foreign exchange market.

The market experienced a sharp rise in the value of foreign currencies and gold coin prices in summer 2018. The Iranian money plunged to a record low against the US dollar in August that year.

But rial began to bounce back against US dollar later in the year after Hemmati unveiled a new package of regulations on foreign currency trade which lifted a ban on the activity of money exchange markets.