Iran’s Economic Commission Mandates Policy Reforms to Stabilize National Currency
In a decisive move aimed at reinforcing economic stability, Iran’s Economic Commission convened a high-level meeting today. The session, held with the direct participation of the Central Bank Governor and deputies from the Ministries of Economy and Industry, Mine, and Trade, focused on a critical review of monetary policy.
A Legislative Framework for Stability
The meeting was primarily dedicated to evaluating the performance of the Central Bank and ensuring its currency policies are fully aligned with Article 11 of the Seventh Development Plan law. A spokesperson for the Economic Commission emphasized that this legislation explicitly obligates the Central Bank to maintain stability in the foreign exchange market and to reliably meet the demands of the market and economic actors.
Directive for Policy Refinement
During the discussions, which also addressed questions about fulfilling foreign exchange obligations and managing currency fluctuations, the Economic Commission delivered a clear directive. It stressed the imperative for the Central Bank to refine specific aspects of its foreign exchange policies. The mandated goal of this recalibration, to be conducted within the framework of the national development plan, is the restoration of sustained stability to the currency market. This step underscores a coordinated governmental effort to implement structured economic reforms.
