Abdolnasser Hemmati, the newly-appointed governor of the Central Bank of Iran, said the ongoing volatility in the currency and gold markets is "unusual" and a byproduct of "enemies' conspiracy".
The statement, published on CBI's website on Monday, said CBI was monitoring these developments "very closely" and believes that they do not fit the economic reality and the forex strength of the country.
The statement noted that CBI would soon launch measures outlined by Hemmati which will be implemented "in the coming days".
July 30, 2018 19:23
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Central Bank of Iran: New Forex Policy Coming
The statement, published on CBI’s website on Monday, said CBI was monitoring forex and gold coin volatility “very closely” and believes that they do not fit the economic reality and the forex strength of the country
The gold coin rally continued on Monday with the benchmark Bahar Azadi fetching close to 46 million rials ($1,045 at the official exchange rate), according to Tehran Gold and Jewelry Union’s website
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