Iran's CB Given More Authority to Intervene in Currency Market

The High Council of Economic Coordination gave the Central Bank of Iran additional authority to restore calm to the chaotic currency market. 
The council is the ad hoc decision-making body comprising the heads of the branches of power. It convened late on Wednesday amid renewed turmoil in the currency market, IRNA reported without elaboration.  
It is not clear what the CBI can and would do to return a semblance of calm to the forex market that has seen more than its fair share of volatility in the past several months.