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Central Bank of Iran Censured Over Policy Inconsistency

From April 10 until August 13, CBI has issued more than 33 directives and according to the IRICA chief, it had to notify more than 150 ordinances in accordance with the forex injunctions
CBI Censured Over Policy InconsistencyCBI Censured Over Policy Inconsistency
Gholamreza Panahi, CBI’s deputy for foreign exchange affairs, said the country needs to manage currency demand in line with the amount of hard currency it has at its disposal

Members of Tehran Chamber of Commerce, Industries, Mines and Agriculture’s Board of Representatives convened on Tuesday to discuss the latest status of the economy, particularly the anguish caused by the recent currency crisis.   
Officials of the Central Bank of Iran, Industries Ministry and the Islamic Republic of Iran Customs Administration attended the meeting. 
Masoud Khansari, TCCIM’s president, expressed concerns over ad hoc policy changes and the barrage of directives that have been devised since the government first responded to rial’s steep depreciation against the US dollar on April 10.
“From April 10 until August 13, CBI has issued more than 33 directives and according to the IRICA chief, it had to notify more than 150 ordinances in accordance with the forex injunctions,” he said, referring to the many regulations CBI introduced since it unified the US dollar’s exchange rate before altering some and nullifying others. 

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