Hemmati Claims Forex Rates Will ‘Stabilize’

Governor of the Central Bank of Iran Abdolnasser Hemmati on Monday sought to reassure the public about stable currency rates and urged businesses to support CBI plans.
"With the efforts of my colleagues, the banking system and businesses, stability will again rule the markets," Hemmati said in a note posted on his Instagram account. He did not elaborate.
Forex and gold prices in Iran have gone through the roof in recent days with little hope that things could get better anytime soon.