The Iranian government, led by Prime Minister Mohammad Bagher Ghalibaf, has implemented significant economic reforms aimed at combating inflation and stabilizing the currency market. A key change includes raising the preferential exchange rate from 28,500 tomans to 38,500 tomans in the budget proposal, alongside the elimination of the semi-official exchange rate, creating a new category termed 'commercial currency market.' Analysts suggest that the Central Bank of Iran may intervene by injecting hard currency reserves, a strategy previously employed to stabilize the exchange rate. Central Bank chief Mohammadreza Farzin announced that 20% of the country's foreign reserves have been converted into gold, asserting that Iran ranks among the top five countries in gold purchases. Farzin also dismissed claims of a decline in oil production as unfounded, attributing the recent currency depreciation to 'psychological operations' from foreign entities. He assured that following the holiday period, there will be an increase in currency supply to help reduce exchange rates in the free market.