CBI Prepares Policy Blueprint

The Central Bank of Iran has prepared a set of policies for the monetary and foreign exchange markets, which will act as a blueprint for regulating these markets, the bank's deputy governor announced on Sunday. 
Akbar Komijani also told reporters on the sidelines of CBI's annual general meeting that the policy package consists of 19 sections and encompasses the entire set of monetary and foreign exchange policies, IBENA reported. 
The announcement comes in the wake of recent volatility that shook the forex market and saw rial sink to record lows against the US dollar. Analysts attribute the occasional currency disturbances to a lack of clear monetary policy.