MNA – Supreme Council of Economic Coordination chaired by President Rouhani approved Iranian Central Bank’s suggestions to have more transparent banking transactions and to fight against money laundering more effectively.







The Supreme Council of Economic Coordination, which is a joint regular meeting of the heads of the three branches of Iranian government, convened on Saturday.

During today’s meeting chaired by President Hassan Rouhani, the governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati presented a report on the situation of the foreign exchange market, explaining the CBI’s actions to make the transactions in the market more transparent and to make sure that the exchange rate was real.

Also at the meeting, the head of the Management and Budget Organization Mohammad Bagher Nobakht, for his part, outlined the sources of the government's incomes and expenditure for the next fiscal year of 1398 (beginning on March 21, 2019).  Social justice, people’s livelihoods and increasing employment rate and support for domestic production were issues that Nobakht said were the main focus of the next year's budget bill.

Allocating cheap enough foreign currencies at the official rate, which is almost one-third of the rate in the free market, to basic goods, increasing workers' and pensioners' salaries and providing support packages to low-income working families were among other issues emphasized in the session.

The Council further decided to continue discussion on paying more attention to people's livelihood, especially that of low-income working families in the next year’s budget bill, as the main focus of the next session.