Abdolnasser Hemmati said that the Iranian rial’s has regained more than 20% of its value against the foreign currencies over the past few months and the declining trend of the prices of foreign currencies’ prices against rial as well as gold coins’ prices will continue in the coming days through the policies of the Central Bank.
“The trend of declining foreign currency rate will continue to the extent that economic activists decide,” Hemmati said.
The CBI governor further said that the free market determines the market price, adding that it is expected the exporters will bring more foreign currencies to the official exchange market and the forex market will achieve an equilibrium in the coming days.
He further expressed hope that after the decline of the foreign exchanges’ prices in the market, the people will witness an economic boom.
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