Farzin’s answer to the representatives’ questions about the currency market situation

According to Iran Economist, Nasrallah Pejman Far in explaining today’s meeting of the 100% Commission: The 100% Commission has a meeting today with Central Bank President Farzin in order to fulfill his supervisory role and inform about the latest conditions of the currency market and how to manage it after the recent shocks. Formed a currency.

He explained: While expressing concerns about the increase in the price of foreign currencies, the representatives raised questions about the entry of the Central Bank and the latest status of the country’s foreign exchange reserves.

Pejmanfar added: The disharmony of banks and overdrafts and as a result deficit in resources, false demand in the foreign exchange market, negative management of exchanges in the sale of currency and speculation and the lack of proper presence of the central bank in the open market are the main reasons that from the perspective of management The Central Bank has increased the prices for which programs were presented; Finally, the representatives presented their suggestions and opinions, and it was decided that such meetings should continue in order to create peace in the market and the supervisory role of the Article 90 Commission.

He stated that the chaotic atmosphere in the currency market has been created for various reasons and must be controlled, adding: The most important issue in this regard is building trust; It is expected that the real price of the currency will be offered in the market because the real price is lower than what is in the market. In this regard, the central bank presented programs.

In the end, Pejmanfar said that the work should be followed up with a promising approach to the currency situation. The central bank has a plan to meet the needs of different parts of the country and resources are being managed and provided in this part as well.