Iranian President Masoud Pezeshkian promised to permanently end rent-seeking and corruption in foreign exchange distribution. The announcement signals a decisive move to reform currency allocation and improve economic fairness. He emphasized that the foreign exchange reform will restore market stability and strengthen citizens’ purchasing power. During a high-level coordination meeting, Pezeshkian outlined steps to ensure that foreign currency resources are distributed efficiently and transparently. He said the reform will close loopholes that allowed intermediaries to profit unfairly. Moreover, the plan will directly benefit lower-income households and support broader economic resilience.
The session brought together leaders and representatives from key institutions. These included the Executive Headquarters of Imam’s Directive, the Imam Khomeini Relief Committee, the Mostazafan Foundation, the Welfare Organization of Iran, and the Iran Chamber of Cooperatives. Together, they discussed ways to enhance collaboration, improve public service delivery, and coordinate national projects. Officials highlighted efforts to boost domestic production of essential agricultural and industrial raw materials. By doing so, the country can reduce reliance on imports, conserve foreign currency, and achieve self-sufficiency. Pezeshkian stressed that academic participation and institutional cooperation are critical for the success of the foreign exchange reform.
Furthermore, officials reviewed reports on the distribution of commodity certificates across provinces. They paid special attention to welfare support for lower-income groups. Pezeshkian emphasized tracking public satisfaction and monitoring the reform’s impact on everyday livelihoods. Experts noted that Iran’s previous multi-rate system created opportunities for rent-seeking. Consequently, it often failed to deliver benefits to consumers. In contrast, the new foreign exchange reform simplifies allocation, increases transparency, and strengthens domestic production.
Looking ahead, Pezeshkian reaffirmed the government’s commitment to the initiative. By linking institutional capacities to national projects and improving cooperation across sectors, officials aim to secure long-term market stability. In addition, they expect citizens’ living standards to rise. Overall, the foreign exchange reform represents a major step toward economic fairness. It safeguards currency resources, encourages domestic production, and promotes transparency. With continued oversight and coordination, the government aims to achieve rapid and tangible results.