President lauds Iran Central Bank’s efforts to meet basic demands

Tasnim – Iranian President Hassan Rouhani praised the Central Bank of Iran (CBI) for its efforts to cope with the domestic demands and provide the necessary funding amid the severe international conditions.

In a telephone conversation with the governor of the Central Bank of Iran Abdolnasser Hemmati on Friday, Rouhani was briefed on the latest measures and developments in the process of providing foreign currency financing for basic and necessary commodities in Iran.

The president was also informed about the details of the CBI’s efforts to repatriate foreign currency earned from exports, the CBI’s use of various resources at its disposal, and its strategies to supply the basic and necessary products that the country needs.

Rouhani commended the CBI for satisfying the necessary domestic demands under the difficult international conditions according to the plans formulated by the administration, the government’s official website reported.

For his part, Hemmati expounded on the process of the CBI’s activities for open market operation in money and capital markets.

The latest report by the Central Bank of Iran shows that the monthly fluctuation in the producer price index, which is a leading indicator, has fortunately stood at minus 0.8 in the month of Farvardin (March 20 – April 19), Hemmati added.