The head of the Organization of Planning and Budget in Iran Mohammad Baqer Nubakht said that the foreign exchange market is “under control,” stressing that the rate of inflation will decline in the coming months.

“During the past year we have witnessed the involuntary depreciation of the national currency and prices have risen. .

He pointed to the latest report on inflation in the country, pointing out that the rate, which was 2.8 percent last June, fell to 0.6 percent in July.

Central Bank Governor Abdel Nasser Hemmati said in a statement on Sunday that America failed to achieve its goals despite the pressure of the economic embargo imposed on Iran, pointing out that the hope was greatly enhanced by the improvement of economic conditions in the country compared to the past.

Translated from Tishreen News

Iran: Currency market adjusted .. Inflation to decline

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