"During the past few days, hundreds of millions of dollars have entered the market through intermediaries (linked to the central bank)," Abdel Nasser Hemti, the governor of the Iranian Central Bank, said in an Instagram post. Many of the plans of those trying to destabilize the foreign exchange market have been thwarted.
The real fell to an all-time low on Tuesday, before recovering a little. The riyal is under pressure from the US sanctions and the Corona virus crisis.
After he said on Friday that the central bank would not scatter its resources in the market, he said he did not mean that the bank would back away from the faltering riyal support.
My concern added: Our intervention in the market will be cautious and goal-oriented.
The Iranian riyal rose slightly against the dollar and recorded about 192,000 last Friday; After falling to a historic low of 205,000 on Tuesday.
The official price in front of the dollar is 42 thousand riyals, and most of it is used for food and drug imports supported by the state.
