U.S. dollar depreciation in Iran not an economic issue, says official
By Trend
Depreciation of the US dollar in Iran is due to political issues, Majid Reza Hariri, a member of the Staff of Representatives at the Iranian Chamber of Commerce, said in an interview with ISNA.
Economic parameters don’t have so much impact on the rise or decline of the currency value, he added.
He said the rise or decline of the US dollar value testifies to instability in the country’s economy.
Hariri added that the Central Bank should control depreciation of the US dollar, and also should prevent the rise of its value.
"Currently, a process of slow depreciation in the foreign currency is observed, because small entrepreneurs have been forced to put their foreign currencies for sale in the market," he noted.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!