Senior Gov’t Officials Talk Runaway Forex/Gold Prices

EghtesadOnline: First Vice-President Abbas Mokhber, Economy Minister Ehsan Khandouzi and the Governor of the Central Bank of Iran Mohammad Reza Farzin went to the Majlis on Saturday to brief lawmakers on the state of the forex and gold market where prices have shot up to historic highs.

News ID: ۷۵۲۳۰۰

26 February 2023

First Vice-President Abbas Mokhber, Economy Minister Ehsan Khandouzi and the Governor of the Central Bank of Iran Mohammad Reza Farzin went to the Majlis on Saturday to brief lawmakers on the state of the forex and gold market where prices have shot up to historic highs.

Even though the meeting was held behind the closed doors, local media published news and views regarding what transpired in the chamber based on interviews with some participants.

"The CBI governor elaborated on the reasons behind the ongoing price rises stressing that the regulator had managed to handle several problems in this regard," MP Nezameddin Mousavi told IRNA. He did not say what problems had been solved.

Alireza Salimi, another lawmaker, blamed external sources for announcing “unreal rates” and disturbing the market. "Farzin's explanations showed that the country has no problem in foreign trade and making transactions… But factors outside the country's borders are disrupting the market."