President Raisi:

Intel Services Identifying Market Manipulators

Date: 07 December 2021 - 21:35

News ID: ۹۷۴۹۹

TEHRAN – President Ebrahim Raisi on Tuesday denounced certain attempts to tie Iran’s economy to the results of the Vienna talks and raise foreign exchange prices.
In an address to students at Sharif University of Technology in Tehran, Raisi decried efforts to manipulate the market while the country is leading the talks in a dignified manner.
“We have detailed information that some individuals are trying day and night to raise the exchange rates simultaneous with the negotiations and to tie the negotiations to the economy in order to impose their demands on the nation,” the president said.
Intelligence organizations are identifying those behind the effort, he added.
“These individuals, some inside the country and some abroad, are using virtual and physical platforms to raise foreign exchange prices.”
The president said unlike the first days of his administration in August, the country’s forex resources are in a good shape and there is no need for concern.
Central Bank Governor Ali Salehabadi echoed his remarks, saying the country’s overall situation with regard to availability of foreign exchange is “very good and I expect the situation to improve in the near future”.

He said Iran’s access to forex resources has improved since the beginning of the current calendar year in late March, during which the government has paid $36 billion for imports.
The Iranian rial has fallen to its lowest ever rates against the U.S. dollar on the unofficial market in recent days.
On Saturday, it remained above historic lows after the remaining parties to the Vienna talks took a break to review Iran’s proposed drafts in their capitals.
In Iran, the U.S. dollar sold for as much as 302,200 rials on the unofficial market on Saturday, up from 294,000 on Friday.