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CBI’s report on organising banks and credit institutions with non-constructive activities/ Continuation of the efforts of the Central Bank in cooperation with other related institutions to manage the foreign exchange market

The President emphasised that by adhering to legal resolutions, the credit institutions that cause liquidity increase and inflation in the country with unhealthy performance should be organised and assigned as soon as possible.

In the meeting of the Cabinet’s Economic Coordination Board, which was held on Tuesday night under the chairmanship of Ayatollah Dr Seyyed Ebrahim Raisi, following the Supreme Leader's instructions regarding the organisation of banks and credit institutions, the Central Bank reported on policies and programmes proposed to organise the banking system and credit institutions that have unhealthy and unconstructive performance.

In this regard, the President emphasised that by adhering to legal resolutions, the credit institutions that cause liquidity increase and inflation in the country with unhealthy performance should be organised and assigned as soon as possible.

In this meeting, the Central Bank of Iran (CBI) also reported on the actions influencing on the management of the foreign exchange market, which in recent days has led to the beginning of a downward trend in its rate.

These measures have been taken with the approval of the Supreme Council of Economic Coordination in order to control and manage the exchange rate.

Source: Official website of the President of the Islamic Republic of Iran


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