The story behind the decision to supply 2 billion dollars of foreign currency to the market, as told by the Governor of the Central Bank
๐น Americans started tweeting regularly a few weeks ago, saying we want to increase pressure, retweeting each other's posts and thinking that by retweeting they can destroy our economy.
๐น With this psychological warfare and the triggers they opened, they raised the country's inflation expectations to a certain extent.
These caused an increase in the demand for currency in the market, but there was no demand for goods because we supply goods to the market every day. This false demand caused the currency to reach the figures it is at now.
We had already planned for all these problems at the Central Bank. When this happened, we immediately implemented our plan, which is foreign exchange market management.
๐น Our entry into the currency market was part of a plan to offer 10,000 dollars to each national code. This raised questions for some friends, or several parliamentarians brought up some issues. Because the enemy's pressure was very high and they wanted to get the currency out of control, we acted very quickly.
๐น We said we wanted to supply 2 billion dollars in two phases; the reason for choosing this number was to tell Trump and the US Treasury Secretary, who say Iran's currency situation is bad, that we can inject 2 billion dollars into the market just for internal currency management, and that is what we did.
On the first day, some people thought the Central Bank was bluffing, and I never told people otherwise. We said we were providing currency and we did.
We will continue this as long as we feel it is necessary.
๐น We want to meet people's need for currency with an official supply, not by buying dollars in alleys and back alleys.
๐น We said, if people think they can solve their worries by buying currency, we will solve that concern.