29 September 2018 - 16:27

CBI to Interfere in Currency Market to Stabilize it

Central Bank of Iran has been authorized by High Council of Three Powers Coordination to interfere in the currency market to stabilize it.
News ID : 91950
دکتر همتی

IBENA- At today's meeting of High Council of Three Powers Coordination for reviewing the Central Bank's suggestions, in the end of the meeting sufficient authority was granted to the Central Bank of Iran's Governor to manage the foreign exchange market.



Based on the authority, the Central Bank can interfere in the currency market through banks and authorized currency exchange shops, taking necessary steps to control exchange rate, informing of exchange rate in the currency market well.



According to one of the acts of the meeting, any real and legal person can import foreign exchange to the country as much as he can by taking into account the Central Bank's regulations.



It is worth mentioning that IBENA is an only specialized news agency in banking and economy areas, which is affiliated with the Central Bank of Iran.


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