Senior Iranian Officials Mull Regulation of Foreign Currency Market
TEHRAN (Tasnim) – The heads of the three branches of power in Iran held a meeting on Saturday to discuss ways to control and manage the foreign currency market in the country.
The meeting was attended by Iranian President Masoud Pezeshkian, Speaker of the Parliament Mohammad Baqer Qalibaf, and Judiciary Chief Gholamhossein Mohseni Ejei.
The participants in the meeting underlined the need to strengthen the supply of foreign currencies and manage demand in the market, the president’s website reported.
Governor of the Central Bank of Iran Mohammad Reza Farzin presented a report on various factors influencing the market and exchange rates.
The CBI’s new measures on market management were also presented at the meeting.
The officials emphasized that the CBI should have full authority to regulate and oversee the cryptocurrency market in accordance with the regulations.
The expansion of commercial foreign currency market and ensuring the participation of all export companies in that market were also discussed in the meeting.
According to a consensual decision, the CBI will be cooperating with the relevant bodies to control the demand for commercial foreign currencies by overseeing all order registrations based on actual demands.
