10 December 2022 - 15:07

Tactics of governor of central bank to organize foreign exchange market

Tactics of governor of central bank to organize foreign exchange market
Governor of central bank explained strategies of central bank to organize foreign exchange market.
News ID : 140042

IBENA- About strategies of central bank to organize foreign exchange market: Many measures are being taken to organize the market; Supplies are being made in various markets and requirements of this market are being implemented. For example, regulations related to giving currency to the holders of commercial cards were recently eased. Also, we are easing many currency regulations in accordance with the real needs of the market, Ali Salehabadi, governor of central bank said.

*We do our best to manage foreign exchange market

He stated that central bank is also present in various markets as a market maker and encourages exporters to supply their values in the market, adding: We also continuously follow the supply of currency needed by importers and service needs in the market and we are also present in various markets and we manage different markets.

The Governor of Central Bank stated that various service needs, which sometimes may not be allocated currency, have been identified in the working groups in order to provide them with the required currency appropriately, and continued: In Central Bank, we do our best to meet the needs of different departments. Importers and what service needs to provide.

For people who are worried about exchange rate fluctuations, a currency certificate was introduced, and now in National Bank branches, people who are worried about exchange rates can hedge their assets, in a conversation with khaneh Mellat, Salehabadi clarified.

In response to the question of whether exchange rate will decrease in the coming days, we are doing our best to manage foreign exchange market, governor of Central Bank said.

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