In his meeting with economics, Hemmati said that the bank has taken necessary measures to control fluctuation in the forex market, adding that the bank has been ready for the U.S. decision to stop granting waiver for Iran oil exports.
IRAN NEWS ECONOMIC DESK
He said, “The illusion about any instability or inflation in domestic foreign exchange market, which was constantly spoken of, is broken for the nth time by the Central Bank of Iran’s (CBI) management.”
Referring to the U.S.’ decision about ending waivers for Iran’s oil importers, he added that “any drop in oil revenues have to be compensated through reducing costs, building up some savings or via other income resources.”
“It is a must to spur non-oil exports more than before, and the CBI is to apply the related policies to encourage exporters to re-inject their forex income back to the domestic economy cycle,” he underlined.
He also pointed to the success of the central bank in controlling the liquidity by intensifying the supervision.
Hemmati also said that the bank boosted direct interaction between importers and exports in the past month, adding that the bank will not interfere in pricing the forex rate.
Economists, participating in the meeting, underlined that enemies are trying to unbalance the national economy through waging psych-war and praised the measures of the central bank for controlling the forex market.
Some other issues like launching a new forex market were discussed during the meeting.
- source : IRAN NEWS
