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CBI Says Forex Injections Help

CBI Says Forex Injections Help  CBI Says Forex Injections Help

The Central Bank of Iran said it injected $450 million into the market to help stabilize the volatile market and control foreign exchange rates. 
In a press release published on its website, the CBI said it offered $70 million via the regulated forex market last week. It implied that the infusions “far outweigh demand and there is sufficient currency in the market”.
However, there were few buyers for the forex as only $5 million was bought by authorized exchange bureaus in the regulated market. 

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Comments

In A short 42 years iranian economy have gone from one of the strongest in the world to one the worst. 76 Rial got you one Dollar, now to buy $1.00 you pay 280000 Rial. To quote the the great Leader of revolution “economy is for donkeys”.

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