CBI’s Farzin Insists on Fixed-Rate Forex Policy

Central bank governor, Mohammad Reza Farzin, has strongly defended the bank's new move selling the US dollar at 285,000 rials for importing essential goods, saying that it seeks to restore some stability to the tumultuous economic conditions caused by special  conditions and political developments. 
In an interview Farzin said that the measure also is aimed at stabilizing the forex market that has been adversely affected by fear and uncertainty due to the current economic situation. He did not elaborate. 
"We need to restore stability to the market. The economy is still in an acceptable condition even in these difficult times," he was quoted as saying by the Persian-language newspaper Shahrvand.