Hemmati: The Central Bank’s coordinated measures to strengthen economic stability are continuing seriously
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11:42-19 November 1405
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According to Khabar Online news agency, the Governor General of the Central Bank said: The actions initiated in the currency, monetary and regulatory fields will be strengthened more seriously, in accordance with the economic conditions and market developments.
The Young Journalists’ Club wrote: Abdolnaser Hemmati, Governor General of the Central Bank, referring to recent economic developments and currency market fluctuations, said: “Economic stability and inflation control require a series of coordinated and continuous measures.” In recent weeks, we have pursued programs in the fields of currency, monetary and supervision, the common goal of which was to reduce uncertainty, manage inflationary expectations and contribute to the stability of the markets, especially the foreign exchange market.
He added: “Changes in the exchange rate cannot be analyzed separately from the general conditions of the economy and price trends. Management of supply and supply of currency, control of liquidity growth, strengthening of monetary discipline and effective monitoring of the banking network should go hand in hand. We believe that the simultaneous pursuit of these policies can help reduce currency fluctuations and contain inflationary pressures.”
Referring to the retreat of the exchange rate from the high levels of the past days, Hemmati emphasized: “What is important for us is not only short-term fluctuations in prices, but strengthening stability in the economy and preventing the formation of new waves of instability.” Therefore, the measures initiated in the currency, monetary and regulatory fields will not only continue, but will be pursued and strengthened more seriously in accordance with the economic conditions and market developments.
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