Mohammad Reza Farzin, the Governor of the Central Bank of Iran, said the CBI has started buying and selling currencies directly, to help accelerate the process of currency allocation.
In a meeting with exporters, importers, and producers Farzin said, "Foreign exchange rate is one of the fundamental issues for the economy…considerable part of the time and efforts of the bank and the government is focused restoring stability," the CBI website quoted him as saying.
He stressed that most of the currency is supplied by exporters, including petrochemical and steel companies.