Publishe Date: 8:57 PM - 4/9/2018 | Print

Gov't, president to examine forex fluctuations, instability

Economy - Iran's Minister of Finance and Economic Affairs Masoud Karbasian said on Monday that President Hassan Rouhani and his cabinet ministers are to examine current status of foreign exchange in the market along with the proposed plan made by CBI on recovering market instability.

Speaking to reporters, Karbasian said the government spokesman has already declared the government official stances on the current status of foreign exchanges and in tonight session, all aspects will be examined to help reorganize and recover the market to bring calmness to the market.

Government is opposed to such market developments as it believes that there is no justification for such price hikes, he said.

Security apparatus and police should be accountable for role of mafia in the market turbulences, Karbasian underlined.

To attain the economic goals, the current rate of foreign exchanges should decline to experience a market stability, he said.

Parliament and government have formed a joint committee to help resolve the issue, he said.


Tags: Economy -
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