A group of Iranian legislators, critical of the policies of President Mahmoud Ahmadinejad, has urged the central bank to intervene in the currency market to support the rial, which hit record lows this week, Iranian media
reported on Tuesday.
Iran's economy and finance minister, meanwhile was quoted as saying that the country had sufficient foreign exchange reserves and the market turmoil would be resolved "within three days." The Iranian currency hit an all-time low on the open market on Monday at 25,650 to the dollar, half its value of a year ago and after losing about 17 percent since last Thursday. It was more stable on Tuesday.
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