Central Bank to Intervene to Stabilize Forex Market

Date: 12 June 2022 - 21:56

News ID: ۱۰۳۶۰۹

TEHRAN -- The Central Bank of Iran (CBI) said Sunday it will intervene in the country’s foreign exchange market to control prices that have risen to record highs in recent days. Its governor Ali Salehabadi said the CBI will introduce a series of unprecedented measures in the upcoming days to control foreign currency prices in the Iranian market. The rial has fallen to historic lows against the U.S. dollar in recent days, trading at rates close to 330,000 in the open market on Saturday and Sunday, the first two days of the working week in Iran.