Iran's CB Adjusts Cap on Future Regulated Forex Market

With the aim to facilitate trade in the anticipated regulated foreign exchange market, the Central Bank of Iran raised the ceiling of planned daily forex trade fivefold. 
According to a CBI notice, the maximum cash dealing will increase to € 50,000, or equivalent in other currencies, from the previously announced € 10,000. 
“The move is to help facilitate foreign currency transactions conducted on the electronic platform among forex market brokerages,” the notice reads.