TEHRAN – The Governor of the Central Bank says the condition of foreign exchanges (forex) in the country is favorable and people should not have any concern. IRAN NEWS ECONOMIC DESK During his one-day visit to Kurdestan Province, Abdolnasser Hemmati met a task force group on resistance economy and reviewed the latest developments in the […]
TEHRAN – The Governor of the Central Bank says the condition of foreign exchanges (forex) in the country is favorable and people should not have any concern.
IRAN NEWS ECONOMIC DESK
During his one-day visit to Kurdestan Province, Abdolnasser Hemmati met a task force group on resistance economy and reviewed the latest developments in the province.
He pointed to the job creation as the most important issue in the province, adding that activating all economic capacities of Kurdestan for creating jobs is the primary goal and all are working on the issue to be materialized.
Hemmati admitted that an especial condition is currently looming over the country and all should accept that the country is engaged in an economic war but he assured that the condition of foreign exchange reserves in the Central Bank is good, adding that in recent months and after some plannings, the forex resources are wisely and efficiently used.
He added that besides the importance for the national currency to regain more of its value, the CBI remains focused also on the stability of the rial.
“For the CBI it is important that along with strengthening the rial, stability of the market and preventing volatility is also crucial. However, this does not mean that we prevent declines in exchange rates or let them jump,” Hemmati reiterated.
He reiterated that allocation of loans or credit lines for Kurdestan has no problem for incomplete projects and resources of National Development Fund can help the Central Bank.
Hemmati also reiterated that the province can have better future after completion of the projects.
He went on to say that the bank is determined to control the forex market, adding that stability is currently seen in the forex market.
