The beginning of operations to restore stability in the currency market

According to Iran Economist, “Mohammadreza Farzin” wrote in the virtual space: “From today, the central bank and the exchanges are taking joint measures to restore economic stability in the country.”

He added: From now on, the central bank will enter the free market and will be a rate maker.

According to this report, the head of the central bank announced in a television program: From now on, we will also enter the free market, and the central bank will set rates in this market, and we will continue to stabilize the currency step by step.

He also explained about entering the free currency market and pricing in this market: From Tuesday, we announced that up to five thousand dollars of currency will be sold through exchanges, and if there is a limit, we will sell currency in the form of an auction in the organized currency market, and there the rate will be determined. This rate will be the free market rate.

He added: Until now, the central bank was not a rate maker in the free market, and we are trying to make the central bank a rate maker in the free market.