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Iran President Says No Need to Worry About Prices of Basic Goods

President Says No Need to Worry About Prices of Basic Goods President Says No Need to Worry About Prices of Basic Goods

President Hassan Rouhani sought to reassure the public about his government's ability to tackle the currency crisis and maintain economic stability.
"We have taken a firm decision regarding the foreign exchange market to ensure calm and tranquility among the people. No one should worry about the import, export and supply of basic goods," Rouhani told a public rally in Tabriz, East Azerbaijan Province, on Tuesday.
On April 9 the government announced a unified rate of 42,000 rials to the dollar and outlawed the use of all other rates. The move came after the rial lost close to half its value on the free market since last September, sinking to a record low of 60,000. 
"All the requirements of the country can be imported using the 42000-rial exchange rate and basic commodities will be provided at previous prices. The people should not worry about imports," the president was quoted as saying by his official website.   
 

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