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Central Bank Governor: No significant drop in dollar rate expected

Friday, 8 June 2012

Mahmoud Bahmani said that the increase in the dollar rate in recent months is attributable to several events and factors, and as long as the factors affecting the rate exist, it is not reasonable to expect a significant decline in the dollar rate. Bahmani listed several factors contributing to the rise in the rate, including increased demand for the dollar, restrictions on transferring foreign currency for Iran as a result of sanctions, inflation and global prices.

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  • Published: 5 days ago on Friday, 8 June 2012
  • By: Iran Daily Brief
  • Last Modified: June 8, 2012 @ 10:50 am
  • Filed Under: Economy
  • Tagged with:
  • Source(s):
    • http://www.farsnews.com/newstext.php?nn=13910314000384

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