CBI disputes exchange rate Pledges stability measures

Date unknown

IRINN reports a Central Bank statement saying the exchange rate is inconsistent with economic fundamentals and attributing volatility to uncertainty and psychological pressure. The bank expects gaps to narrow as expectations calm and says it monitors the market and will act if necessary to preserve monetary and foreign-exchange stability and prevent non-fundamental trends. These are its assessment and conditional pledge, not evidence that rates have already normalized or a new specific intervention has been carried out.

Iran's Central Bank says the exchange rate diverges from economic fundamentals and attributes recent volatility to uncertainty and psychological pressure. It expects expectation-driven gaps to narrow as calm returns and pledges conditional action for monetary and exchange stability. These are its assessment and promise, without a proven rate normalization or new completed intervention.