Iran's Central Bank Denies Severe Currency Shortage Amidst Car Price Hike
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Insights by Echo AI
The Governor of Iran's Central Bank has claimed that there is no severe currency shortage in the country, despite the recent eight percent increase in car prices. Previously, he had stated that the Central Bank is prepared to inject $2 billion into the market if necessary. However, these reassurances have not prevented the ongoing rise in exchange rates.
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