Iran authorises central bank to intervene in foreign exchange market – state TV

by

DUBAI (Reuters) – Iran on Saturday authorised the central bank to intervene in the foreign exchange market, state television reported, after its rial currency fell to repeated record lows in recent weeks following the reimposition of U.S. sanctions.

A top government body, headed by President Hassan Rouhani and the heads of parliament and the judiciary, “gave the central bank governor the necessary authority to intervene in the foreign exchange market and to manage it”, state TV said.

You may also like

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: