Iran Central Bank chief says foreign currencies’ prices to decline further

TEHRAN, Nov. 28 (MNA) – Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said Wed. that the declining trend of the foreign currencies’ prices against Iranian rial will continue as the Iranian exporters increase their forex supplies to official market.

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.

KI/4470421

News Code 140017

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