Support for Forex Measures

The head of Competition Council welcomed efforts made by the Central Bank of Iran to stabilize the currency market, saying CBI has taken positive measures to improve the conditions under the current circumstances facing the economy and the country. Reza Shiva also said CBI Governor Abdolnasser Hemmati had taken positive steps, including the creation of Secondary Forex Market and the allocation of US dollar at the official exchange rate of 42,000 rials for importing essential goods, IBENA reported. Shiva added that these policies should be pursued with greater vigor and CBI should protect its reserves at the same time. Shiva added that other issues like banking debts and their overdrafts from CBI should also be tackled.

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