Official Lauds Petchem Sector for Stabilizing FOREX Market

(Monday, December 3, 2018) 15:58

TEHRAN (NIPNA) -- Isa Rezaei, an official with Kosar Finance and Credit Institute, said Iranian petrochemical exporters contributed a lot to stabilizing the foreign exchange market by injecting hard currency into the market.

Speaking to NIPNA, the official said because of fluctuations in the FOREX market, exporters and importers were not decided about how to continue their work but thanks to the policies adopted by the Rouhani Administration and the Central Bank, stability and peace has been restored in the market.

“The administration has always offered the required support for the petrochemical industry, and it has also contributed to the process of boosting exports by creating calm in the foreign exchange market,” he said.

This is one of the main factors affecting the country's economy, Mr. Rezaei added. 

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