Iran’s Rouhani says national currency’s fall is temporary

Iranian President Hassan Rouhani said on Tuesday that the slump in Iran’s rial will be temporary, after the currency sank to its lowest ever before recovering slightly.

“The shock created in the foreign exchange market is temporary and has no fundamental economic reason and balance must return to the exchange market,” Rouhani was quoted as saying by Iran’s state TV.

“Psychological warfare against Iran as well as the creation of an unrealistic anxiety among people, are the main causes of the recent fluctuations in the foreign exchange market,” Rouhani said.