• 25 August 2017 - 18:17
  • News Code: 73977
دکتر ولی اله سیف

Governor of Iran’s Central Bank says there is no bubble in the currency market and both dollar and euro rate have balanced price.

Iran’s Central Bank’s Governor, Valiollah Seif, voiced there is no bubble in euro and other foreign currencies rate in currency market and prices are thoroughly balanced and it means there is no bubble in both dollar and euro rate at all.

 He was asked some companies cannot open a  foreign currency account abroad, having limitation for supplying banknotes, he replied this issue is not related to current time and during sanctions had been in the worst form, so it’s getting better day by day.  

The official highlighted the problems of Iranian petrochemical companies’ accounts in China is about to be solved.

In a part of his speech, Seif noted the 15% rate of profit which has been declared for bank deposits by Central Bank is not a definitive rate and is calculated in a partial payment rate, adding this decision was taken to hamper some banks not to exceed 15 percent for the rate of profit.

Governor of Iran’s Central Bank said this measure brings calm to the market, stressing there is no sharp decline in rates, because the inflation rate in Iran is between 9.5 to 10%; therefore, 15% rate can’t  make the market turbulent and also doesn’t have a financial repression effect.

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