BAKU, Azerbaijan, Jan. 8
Elnur Baghishov - Trend:
The Central Bank of Iran (CBI) is actively involved in the monitoring of the foreign exchange market and will not allow any major destabilization, Governor of the Central Bank of Iran Abdolnaser Hemmati said speaking to reporters after a meeting of the Cabinet of Ministers, Trend reports citing Iranian ISNA news agency.
The Central Bank of Iran hopes for stability in the foreign exchange market through measures taken, Hemmati said.
The recent destabilization in the foreign exchange market was the result of political shocks, the governor said.
At present, the real demand for foreign currency is met through Iran's exchange offices, he added.
As a result of the recent assassination of Iranian General Qassem Soleimani in Iraq by the US, Iran's foreign exchange market has been seriously destabilized and the price of foreign currencies has risen in the black market. The price for $1, which rose to about 140,000 rials, has fallen again to 133,000 rials on Jan. 8, and the 1 euro, which has risen to152,000 rials, is down to 149,000 rials.
