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FinancialNews


  • 21-02-23

    Central Bank of Iran prepares to open new trading center of currency, gold

    (MENAFN) The Central Bank of Iran (CBI) is going to start an additional hub for the trade of currency and gold on Tuesday with the aim of controlling the market fluctuations and determine the rates according to the financial realities of the nation, the CBI Governor Mohammad-Reza Farzin declared in a live TV show on Monday.

    “Unfortunately, the current rate in the market is not the rate expected and accepted by us in the central bank”, the official mourned, also mentioning that the rate that is going to be found and declared in this center is going to be the base rate and pricing reference in the market.

    “During the recent months, the central bank has tried to provide enough foreign currency for all the real needs of the country, according to this, in the current year, the currency provided in the NIMA System (domestic Forex Management Integrated System) for importing all the goods needed by the country has risen 48 percent compared to last year”, Farzin additionally asserted.

    Stating that in the present condition, the central bank is going to attempt to use all the earlier experiences in the sector of currency, the CBI governor stressed “The use of past experiences is to minimize currency fluctuations, and God willing, we will see stability in the currency market.”

    MENAFN21022023000045014228ID1105607031

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