President Orders CBI to Tame Currency Market Excitements, Control Balance Sheets of Banks

President Ebrahim Raeisi on Sunday tasked the Central Bank of Iran with taming destructive “excitements” in the foreign exchange market.
During the weekly meeting of the Government Economic Coordination Headquarters, Raeisi also mandated the CBI and the Economy Ministry to tighten control over the banks’ balance sheet for controlling the ballooning money supply.
Raeisi underlined the role of currency dealers in social media who spread false news to create chaos in the currency market and trigger a rise in foreign exchange rates, the government' website, dolat.ir reported.