🔻Abdolnasser Hemmati, governor of the Central Bank of Iran, says the increase in the exchange rate is not due to a shortage of foreign currency resources, but rather is mainly the result of inflation expectations, psychological atmosphere-building, and capital outflows.

He said on Tuesday night, in an interview with “Goftegu-ye Vijeh Ekhbari” on Iranian TV, that “we entered the currency market two days ago and the market has reached a relative stability… the reason we supplied $2 billion in currency to the market was to make Trump and his Treasury minister understand that we have no problem providing foreign currency.”

In recent days, the Central Bank of Iran has launched a plan to sell dollars directly, up to $10,000 per person, to control the foreign exchange market.

According to Mr. Hemmati, “in these past few days, during which the 10,000-dollar currency quota was offered, on average people have bought 5,000 dollars’ worth of currency per person.”

The value of the rial has fallen significantly in recent months, and the price of each dollar in the free market over the past days has reached about 270,000 tomans.

The full text of the news is in the link below:

📷IRNA