Madanizadeh noted that while the government had initially planned a gradual shift in currency policy, pressures from foreign exchange revenues and rising demand accelerated the process.

He emphasized that a 17-point government program includes targeted support for working capital, with banks, backed by the Central Bank, providing credit facilities prioritizing essential goods and subsequently industrial products. The Ministry of Agriculture and the Ministry of Industry, Mine and Trade will define the detailed priorities.

One of the key measures, he said, is the recapitalization of the Agricultural Bank, which will be implemented within days under the legal framework of the budget. The Central Bank’s backing for this sector will also continue.

Highlighting the government’s “currency operations room,” which functions around the clock, Madanizadeh stressed that regulatory reforms are underway to ease constraints on the private sector.

This approach reflects Tehran’s attempt to stabilize its currency market while simultaneously shielding middle-class households from inflationary shocks, a balancing act that, according to analysts, remains critical for economic and social stability.