Economy, Business And Markets
0

Iran's Rouhani: Currency Volatility Due to Foreign Pressure, Domestic Issues

Elaborating on the domestic causes of the currency volatility, the president referred to exporters of state and semi-state organizations who withhold their hard currency from the online currency trade system Nima and described their action as “treason”
Currency Volatility Due to Foreign Pressure, Domestic Issues  Currency Volatility Due to Foreign Pressure, Domestic Issues

President Hassan Rouhani on Saturday weighed in on foreign exchange volatility that has seen the rial sink to consecutive record lows since April, saying that the crisis has been triggered by both foreign pressure and domestic malpractices. 
"Today, there is disturbance in the currency market , a part of which is due to pressures from the United States and the outside, but I declare as the head of the government that a part of this volatility has a domestic origin," Rouhani said in his latest comments on the issue at an event in Tehran to commemorate Martyr Mohammad Ali Rajaei, a former president. 

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.

Add new comment

Financialtribune.com