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Hemmati: The central bank's method is a transparent and focused foreign exchange intervention to curb volatility

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Hemmati: The central bank's method is a transparent and focused foreign exchange intervention to curb volatility

Hemmati: The central bank's method is a transparent and focused foreign exchange intervention to curb volatility

The logic of the intervention is that the central bank enters the market in a transparent manner; Both the real needs of the market are met and the ground for creating rents is reduced.

๐Ÿ”น In this way, the buyer receives currency with a national card and specifically, and the source of resources and transactions can be tracked; Therefore, the intervention is not carried out in non-transparent ways.

Selling currency does not mean it has no currency balances; The central bank has currency and supplies it when needed to manage the market and reduce volatility.

The main goal is exchange rate stability; Because currency fluctuations directly affect people's lives and the economy.

For different market scenarios, we have "response functions" and a specific plan to respond immediately in any situation.