Economy, Business And Markets

Tehran: Gold Coin, Forex Markets Heating Up Again

Gold Coin, Forex Markets Heating Up AgainGold Coin, Forex Markets Heating Up Again

The currency and gold coin markets heated up again on Sunday, keeping up a rally that started from the beginning of the trading week on Saturday. 
The rally was apparently sparked by a speech delivered by the Central Bank of Iran's Governor Abdolnasser Hemmati, in which he signaled frugality in using the bank's resources to calm the currency market. 
Addressing the 29th edition of Islamic Banking Conference on Saturday, Hemmati said the central bank's mission, under his watch would be to husband the bank's resources, curb inflation, streamline banks' balance sheets and rein in liquidity. 
"Preserving CBI's foreign exchange resources and preventing their wastage are CBI's top priority," he said. 


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