19 Nov 2024
Monday 9 September 2019 - 20:59
Story Code : 358656

Central bank chief says forex market stable despite increasing US pressures





MNA Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati has said that despite the continuation of US Maximum Pressure campaign, Irans foreign currencies market is stable.


 








In a long post on his Instagram account, AbdolnaserHemmatisaid on Monday despite the continuation of US Maximum Pressure campaign, Irans foreign currencies market is stable andsituation is under control.

The CBI chief said that as much as $16 billion havebeen allocated to meet the demands for basic necessities over the past six months, adding thatthe trendwill hopefully continue in the future.

He also said that the central bank has plans to continue to earmark enough foreign currency for the countrys economic growth and the peoples welfarewithout waiting for the European credit line, adding talks with foreign countries are continuing to attract foreign investment and enough credit within the framework of the JCPOA.

Hemmati further noted that the negotiations with Iraqi side to meet demands of the Iranian pilgrims who travel to the neighboring country for Arbaeen processions have failed, calling on the pilgrims to buy Iraqi local currency Dinar from the licensed banks and exchange shops.








 
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