91933
Central Bank of Iran Against Market Intervention
Central Bank of Iran Against Market Intervention
Thursday, August 16, 2018

CBI Against Market Intervention

Hemmati believes that the main weight of the currency market is directed toward the Secondary Forex Market and that currently 95-96% of imports take place in the secondary market
The currency stabilization pivot is the secondary market that is gradually deepening and its rates, as pointed out by the president, are not very acceptable and therefore should decline
Thursday, August 16, 2018

CBI Against Market Intervention

Central Bank of Iran's Governor Abdolnasser Hemmati said the regulator's policy under his watch continues to be non-intervention in the foreign exchange market.
"We have said repeatedly that we do not interfere with the [exchange] rate and the market will stabilize itself," Hemmati told reporters on Wednesday after the weekly meeting of the Cabinet. 
He added that the main weight of the currency market is directed toward the Secondary Forex Market and that currently 95-96% of imports take place in the secondary market, ISNA reported. 
Hemmati noted that the sheer size of the secondary market will exert its impact on stabilizing the rates. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/8c9oGH
08/16/2018
  1. https://goo.gl/2ovRWg
  • https://goo.gl/W1zXdu
  • https://goo.gl/PVLjsD
  • https://goo.gl/6XoMS6
  • https://goo.gl/svfVk3

You can also read ...

BMW’s Tech-Stuffed Concept SUV Heralds Fancy, Electric Future
Changing notions of what customers want from cars have pushed...
Tesla Hits New Speed Bump
Tesla Inc’s Chief Executive Officer Elon Musk on Sunday...
Oil & Gas Sector Most Conducive for Business
The research arm of Iran’s Parliament has conducted a first-of...
3 CBI Officials  to Leave
Following the recent passage of the law banning the employment...
CBA Concerned About Forex Outflow to Iran
The Central Bank of Afghanistan raised concerns about the...
Anzali Port to Be Connected to National Railroad
Anzali Port in the northern Gilan Province will be connected,...
Mineral Trade Surplus Hits $2.9b
Iran exported more than 25.47 million tons of mineral products...
Departure Tax Revenues  Up 117 Percent
The government earned 3 trillion rials ($24 million) from...

Add new comment

Trending

Googleplus