Gholamreza Mesbahi ‎Moghaddam: There is not any Concern About Supplying Foreign Currency

Head of Iran's parliamentary budget commission, Gholamreza Mesbahi ‎Moghaddam

Head of Iran’s parliamentary budget commission, Gholamreza Mesbahi ‎Moghaddam said there is not any concern about supplying foreign exchange currency in Iran. However the economy of country is badly suffering from the shortage of hard currencies in the market and Iranian Rial has lost its value against U.S. Dollar because of the ‘Western’ sanctions on its economy.

“The Central Bank of Iran is providing foreign currencies to legal and certified importers. CBI has decided to ratify several terms and rules in order to prevent brokers from buying U.S. Dollar from governmental organizations and sell them in black market.” Gholamreza Mesbahi ‎Moghaddam said.

He noted that CBI will stop funding traders who import luxury items such as cars and fruits. “Our first priority is supplying currencies to those groups of traders import commodities to the country.” Mesbahi ‎Moghaddam also criticized the existent of ‘black market’ in Tehran. He urged Police and Intelligence to stop and monitor the transactions happened out of banking systems.

United States and European countries have targeted the economy of Iran to stop the country from its controversial nuclear program. Western countries accuse Iran of developing nuclear weapons while Iran refuses these claims.

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