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Rial and FX growth: Bank Melli’s key economic strategy

CEO of Bank Melli Iran emphasized

Rial and FX growth: Bank Melli’s key economic strategy

Najjarzadeh: The Foreign Exchange Division and overseas branches are Bank Melli’s strong arms in special economic conditions

Abolfazl Najjarzadeh, CEO of Bank Melli Iran, stated that foreign exchange management plays a strategic role in the country’s economic structure, adding that despite international restrictions and pressures, the bank’s Foreign Exchange Division has managed to facilitate fund transfers and contribute to stabilizing the currency market.

According to the Public Relations Office of pouya Privatization Management Company, Najjarzadeh, in a meeting with Bank Melli managers, referred to the growing trend of foreign exchange operations and called for accelerating the performance of this sector, adding that the bank’s FX division plays a pivotal role in strengthening financial capacity and enhancing the bank’s standing within the country’s banking system.

He emphasized the need for cohesion across all sectors of Bank Melli, stating that activities should not be pursued in isolation, but rather all parts of the bank must move in a coordinated manner toward achieving common goals.

The CEO of Bank Melli Iran also praised the performance of the bank’s overseas branches, noting that a comparison of results before and after 2023 demonstrates growth and progress in this area, achieved through effective planning and the continuous efforts of employees.

Najjarzadeh underscored the importance of simultaneous growth in rial- and foreign currency–based operations, stressing that Bank Melli Iran must strengthen its presence in international currency markets alongside its domestic development.

He concluded that, given currency fluctuations and the special economic conditions caused by sanctions, the bank’s FX division and overseas branches can serve as powerful arms in improving the country’s economic situation.