NEWS
ECONOMY   Banks  

CBI Chief Warns of Enemy Plots to Disrupt Iran’s Foreign Exchange Market

Governor of the Central Bank of Iran (CBI) Abdonnaser Hemmati said enemies have hatched secret plots to hit the country’s foreign exchange market, calling for more efforts to foil the conspiracies.

Speaking to reporters on Sunday, Hemmati said the previous Iranian year (which ended on March 20) was an “exceptional year” in terms of economic pressures on the people by causing exchange rate fluctuations.

“Of course, the enemies’ goals were much more than (creating) economic problems but we did not allow them to reach their goals,” he added.

The CBI governor further said the enemies also have secret plots to disrupt the foreign exchange market in the beginning of this year, adding that they should not be allowed to gain their goals. 

Back in January, Hemmati explicated the CBI’s plans to neutralize the economic pressures and psychological war waged by the US and its allies with the aim of destabilizing Iran’s foreign exchange market.

The market experienced a sharp rise in the value of foreign currencies and gold coin prices in summer 2018. The Iranian money plunged to a record low against the US dollar in August.

But the Iranian currency, rial, began to bounce back against US dollar later in the year after Hemmati unveiled a new package of regulations on foreign currency trade which lifted a ban on the activity of money exchange markets.

News No: 4223
Date: 2019/04/07 - 18:37
News Source: Tasnim News Agency

CBI  Enemy  Abdonnaser Hemmati  Central Bank  economic 

Comments:

Leave a Comment:

   
   
   
 

Over €6.5b of non-oil income injected to NIMA since March

Iran’s non-oil exporters injected €6.68 billion of their revenues into the Forex Management Integrated System, locally known as NIMA, since the beginning of the current Iranian calendar year (March 21) up to August 11.
 

Iran exporting more than $ 8 billion to Iraq per year

The head of technical and engineering service commission of Iran-Iraq Joint Chamber of Commerce, Reza Mounesian said it’s important to know the ways of trading with Iraq because of close economic and trade relations between Tehran and Baghdad.
 

Iraq, Iran consider removing dollar from bilateral trade: envoy

Iraqi Ambassador to Iran Sa’d Javad Qandil said his country and Iran are considering mechanisms to use local currencies in their bilateral trade to reduce reliance on the U.S. dollar, Mehr news agency reported.
 

No problem in clearing cargoes at Iranian ports

A deputy with the Islamic Republic of Iran Customs Administration (IRICA) said there is no particular problem in clearing cargoes at the country’s ports and all shipments will be cleared unless there are legal obstacles, Tasnim news agency reported on Saturday.
 

Iran ready to expand economic co-op with Caspian Sea littoral states

Iran is ready to expand economic cooperation with all neighboring countries, especially with the Caspian Sea littoral states, deputy industry minister Mohammad-Baqer Ali said in the first Caspian Economic Forum which was held in Turkmenistan’s Avaza on August 11-12.
 

Nicaragua ready for barter trade with Iran

Nicaragua’s Minister of Finance and Public Credit has voiced his country’s readiness for barter trade with Iran to mitigate the impact of the U.S. sanctions on the two countries’ trade.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners