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FinancialNews
05-01-19
Iran's foreign currency decline due to strict rules, U.S. war: MP
(MENAFN) Iran's foreign currency rate, has been witnessing a decline due to the poor state of the U.S. psychological war as well as the tough regulations the Central Bank of Iran is imposing.
The rules of the Iranian central bank include the introduction of secondary market and Integrated System for Hard Currency Transactions.
Speaking to Trend, Iranian MP Zahra Saeedi suggested that "the current stability in the market is due to logical decisions made in this sector, that would hopefully last."
The MP noted: "however, there were other reasons, not related to domestic issues, that have led to the US rate rise in Iran."
Saeedi added: "for example, Donald Trump tried to rock the foreign currency market by creating the theory of 'Iranophobia', that turned out to be partly successful. The psychological war had its effect, but thanks to the Central Bank of Iran and its governor, the plan wasn't overall successful."
MENAFN0501201900450000ID1097926279
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