Middle East Economic Survey


No 24



CBI Governor Denies Reports That Iran Plans To Sell Its Euro Reserves

The Governor of the Central Bank of Iran (CBI), Mahmoud Bahmani, has denied reports that Iran plans to convert 45bn from its foreign exchange reserves into dollars and gold bullion as a result of the recent fall in the value of the euro on international markets, as was reported in the Iranian media (MEES, 7 June). Such reports are sheer lies, he was reported as saying...