Iranian President Hassan Rouhani on Saturday hinted at the Revolutionary Guard being behind the dollar hike against the national currency. Defending the central banks policy, Rouhani accused parties without naming them of attempting to smuggle banknotes out of Iran. Rouhani pointed to his governments attempts to satisfy the market’s dollar need, saying that it was shocked by the rapid shortage of dollar bank notes from exchange shops. Pro-government media accused economic Revolutionary Guard institutions of converting their assets from the national currency to the dollar, causing a swift setback in dollar banknote stocks. Rouhani said his governments policy of stabilizing the dollar against the Iranian Rial was a “pre-emptive measure” against the possibility of a US withdrawal from the nuclear deal, accusing Americans of destabilizing currency markets. On April 9, Iran unified the official exchange rate of the currency with its open market price against a plummeting Iranian Rial hitting its lowest level ever. The national currency rate decline is generally referred to by fears of the return of sanctions. But Irans economists see the prospect of a US exit from the nuclear deal as one of the reasons behind the sudden hike in the dollar price. Nevertheless, pro-Iranian circles have blamed the dollar crisis and its shortage in Iranian markets to the exploitation of Revolutionary Guards economic institutions. Hinting to the judiciary and the Revolutionary Guards intelligence services going on a witch-hunt against government officials Rohani said that state departments are being threatened. Intimidated by Revolutionary Guard, officials are resigning posts in some state institutions. Rouhani called on administration officials to disregard threatening messages from other bodies. “Do not care about some messages and threats. If you fear to answer them, send it to me,” Rouhani said in his address to government officials being hampered by Revolutionary Guard’s pestering.
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