Several Iranian lawmakers have sent a joint letter to state authorities asking
the central bank governor and the monetary policy decision-making apparatus to
implement five measures to stabilize the foreign-exchange market and rein in
inflation. They demand: (1) greater FX-market transparency — public reporting of
FX resources, objectives and scale of central bank intervention, allocations by
use, external FX liabilities and export proceeds repatriation; (2) a clear,
time‑bound inflation-control plan with measurable steps to curb liquidity, the
monetary base, excess bank borrowing and other inflation drivers so experts can
evaluate progress; (3) full disclosure of banking-sector balance-sheet
mismatches — which banks are affected, how funding gaps are being financed and
what reform plans are planned, warning that gap-funding that expands the
monetary base will be inflationary and borne by the public; (4) an end to
frequent, ad hoc and unpredictable FX measures that hamper planning and foster
rent-seeking, corruption and speculation; and (5) regular central bank reports
detailing measures taken to defend the currency, quantitative outcomes and
explanations when targets are missed. Lawmakers said currency stability directly
affects purchasing power and economic security and urged the central bank to
provide root-cause analysis, concrete responses and quantifiable results rather
than generic explanations of market volatility.
