FATF non-compliance is a barrier to banking transactions
Governor of the Central Bank: Determining the non-obligation of the FATF can be an obstacle for the country's banking system in conducting international banking transactions in the absence of sanctions.
According to the International Iranian Stone Exhibition, "Abdolnasser Hemmati" added on his Instagram page on Friday: "At the request of the government and the approval of the Supreme Leader, the deadline for reviewing the Palermo and CFT bills in the Expediency Council has been extended." In the absence of sanctions, it can be an obstacle for the country's banking system to conduct international banking transactions.
He continued: "The central bank's policy compass is around controlling inflation and helping the country's economic growth, and in this regard, the exchange rate plays an important role as a key macroeconomic variable."
The Governor of the Central Bank pointed out: The policy of the Central Bank is based on the fact that the exchange rate should be regulated according to the macroeconomic conditions of the country, including the value of oil and non-oil exports, foreign balance and prevention of waste of our country's foreign exchange resources.
Hemmati wrote: "Resistance to the depreciation of the exchange rate can be understood by those who have foreign exchange." But the fundamental factors of the market will impose their conditions in any case. In this regard, the reflection of importers to buy currency in the Nima system is understandable.
He continued: "Considering all these factors and relying on its marketing power, the Central Bank monitors the exchange rate and manages the available resources and tools based on its policy objectives."
* IRNA
