The central bank's coordinated actions to strengthen economic stability continue in earnest.
Abdulnasser Hammati, the Governor General of the Central Bank, referring to recent economic developments and fluctuations in the currency market, said:
Economic stability and inflation control require a series of coordinated and continuous measures. In recent weeks, we have been working on programs in the areas of currency, monetary and regulation, the common goal of which is to reduce uncertainty, manage inflationary expectations and contribute to the stability of the markets, especially the foreign exchange market.
Changes in the exchange rate cannot be analyzed separately from the general conditions of the economy and price trends. Managing the supply and supply of currencies, controlling the growth of liquidity, strengthening monetary discipline and effective supervision of the banking network must go hand in hand. We believe that the simultaneous pursuit of these policies can help reduce currency fluctuations and curb inflationary pressures.
What is important to us is not only short-term fluctuations in prices, but strengthening stability in the economy and preventing the formation of new waves of instability. Therefore, the initiated actions in the field of currency, monetary and regulatory will not only continue, but will continue and be strengthened in a more serious way according to the economic conditions and market developments.