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Central Bank of Iran: Foreign exchange rate against the riyal will decline within days
The foreign exchange rate against the Iranian riyal will see an inevitable decline in the coming days, pointing out that the foreign exchange reserve is in an excellent position due to the good sales of oil.
"According to indicators such as inflation and growth, the Iranian economy is moving in the right direction and towards more movement and recovery," Waleedallah Saif told reporters.
Saif stressed that investment in foreign exchange is not economically justified, advising not to transfer assets to foreign currencies to avoid the inevitable damage.
The Iranian riyal has been steadily declining against foreign currencies in recent times due to several factors, including increased demand for these currencies during the birthdays and the start of the new Iranian year (21 March 2018).
http://ar.farsnews.com/economy/news/13961102000794
Saif stressed that investment in foreign exchange is not economically justified, advising not to transfer assets to foreign currencies to avoid the inevitable damage.
The Iranian riyal has been steadily declining against foreign currencies in recent times due to several factors, including increased demand for these currencies during the birthdays and the start of the new Iranian year (21 March 2018).
http://ar.farsnews.com/economy/news/13961102000794
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