Iran's central bank governor defends for ex policy

The governor of the central bank of Iran (CBI) Mohsen Nourbakhsh has defended the bank's policy of selling 14 billion dollars of hard currency in Dubai currency markets.

The Persian daily Iran quoted him in its Monday edition as saying that contrary to what has been said Iran's hard currency exchange balance is stable.

"I should say that since my tenure as the governor of the Central Bank, all economic indices have been released regularly each quarter showing the latest monetary and hard curre