INSUBCONTINENT EXCLUSIVE:
TEHRAN- The Central Bank of Iran (CBI) will open a brand-new center for the exchange of currency and gold on Tuesday in order to control the
market fluctuations and figure out the rates based upon the economic realities of the nation, the CBI Governor Mohammad-Reza Farzin
announced in a live TV program on Monday
Unfortunately, the current rate in the market is not the rate anticipated and accepted by us in the central bank , the official regreted,
including that the rate that will be discovered and announced in this center will be the base rate and rates reference in the market
During the current months, the reserve bank has tried to supply enough foreign currency for all the real needs of the nation, according to
this, in the existing year, the currency offered in the NIMA System (domestic Forex Management Integrated System) for importing all the
items needed by the nation has actually risen 48 percent compared to in 2015 , Farzin even more stated.Saying that in the current situation,
the reserve bank will attempt to use all the past experiences in the field of currency, the CBI governor emphasized: The usage of past
experiences is to decrease currency changes, and God willing, we will see stability in the currency market
