Dr Raisi described the preservation of the value of the national currency and the supervision of the foreign exchange market as important tasks of the Central Bank and emphasised on the serious follow-up of this issue.
Separate reports on the current state of inflation, liquidity and the foreign exchange market were presented at Sunday night meeting of the Cabinet’s Economic Coordination Board, chaired by Ayatollah Dr Seyyed Ebrahim Raisi.
The central bank's report on inflation shows that the government's plans and policies to curb inflation have been so successful that inflation has slowed significantly since the beginning of the 13th government, which reached an unprecedented figure in 70 years.
Emphasising the need for more efforts to curb inflation and liquidity growth, the President called on the Central Bank to prevent the creation of liquidity by banks by increasing supervision and performance of public and private banks.
Dr Raisi also talked about the threats to the banking system, as well as capital adequacy of banks as one of the important challenges in the country's banking system and ordered the Central Bank to present and follow up an action plan to improve capital adequacy.
The President described the preservation of the value of the national currency and the supervision of the foreign exchange market as important tasks of the Central Bank and stressed the need to pursue this issue seriously.