The Head of the Central Bank of Iran, Abdol Nasser Hemmati, has outlined his fiscal, monetary and foreign exchange policies in an interview with channel 2 of Iranian television, saying the national currency, the Rial has gained 20 percent in value in just one month.

Iran news: According to an Iran Press report, the governor of the Central Bank of Iran (CBI), Abdol Nasser Hemmati, set out his fiscal, monetary and foreign exchange policies in a television interview on Wednesday night, emphasizing that on the same day that Donald Trump announced a second round of unilateral sanctions against Iran, the value of the national currency, the Rial, increased by 20 percent on that very day.

Abdol Nasser Hemmati added: "This shows the wise precautions taken by the Central Bank (CBI), and the cautious approach we have adopted towards the markets. We proceed according to our won plans, not according to what other people say, or plans drawn up by other people."

In further comments, Hemmati talked of inflation and liquidity, and the fact that 'wild fluctuations were bad for Iran's economy'. He pointedly said: "We need to make the economy more stable." 211/103

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