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CBI Chief: Single parity rate system not to influence imports

Tehran, Governor of Central Bank of Iran Valiollah Seif says single parity rate system will not affect volume of imports of basic goods and raw materials and all can use foreign exchange so easily.

e will supply dollar in the method used in the past, i.e. oil exports,' Seif told a group of officials here on Tuesday.

He said recent forex fluctuations had no economic basis and 'we believe there should be a mechanism in the market that will help producer represent himself and buy forex in market price.'

Source: Islamic Republic News Agency - IRNA


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