CBI Also Injected Large Amount of Hard Currencies Into Market
Iranian Minister of Economy and Treasury Shamsoldin Hosseini told reporters in Tehran today that recent reduction of sanctions-related anxieties in the markets has helped the country’s national currency to regain some of its value. Hosseini also said the Central Bank of Iran (CBI) has increased the injection of hard currency to the markets in recent days to shore up rial’s value.
“Of course the reduction of some of the anxieties caused by the sanctions has resulted in strengthening the exchange rate,” Hosseini said. “And in recent days, CBI has also been able to inject much more hard currency in the exchange market which has been the main reason for the improving exchange rates.” (Fars News Agency, 5 March)