The Central Bank of the Islamic Republic of Iran announced in a statement on Friday, the 10th of Mehr, that it will use its intervention tools to manage fluctuations and return the currency market to a "path more compatible with economic realities."

The Central Bank of the Islamic Republic of Iran announced in a statement on Friday, the 10th of Mehr, that it will use its intervention tools to manage fluctuations and return the currency market to “a more compatible path with economic realities.”

The Central Bank of the Islamic Republic said: “A significant part of this issue stems from the intensification of uncertainty, psychological pressures, and market expectations, and experience from past periods shows that by reducing expectation-related pressures and the return of calm, these gaps will be adjusted.”

The institution announced that it will monitor developments in the currency market continuously and, if necessary, will take action to preserve monetary and exchange-rate stability and manage fluctuations.

The Central Bank of the Islamic Republic also announced that it will carry out the necessary measures to prevent the formation of non-fundamental trends in the market.