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Plans to Attract Forex to Banks

Plans to Attract Forex to Banks
Plans to Attract Forex to Banks

The Central Bank of Iran is working on measures to help attract more foreign currency to the banks.
Ahmad Lavasani, head of the High Council of Iran Exchange Shops Union, says the CBI will encourage banks to issue guarantees on foreign currency deposits to persuade people to deposit their forex with banks, ILNA reported. 
As per the plan, banks will guarantee that the money will not be blocked under any condition and that the deposit and interest will be repaid in the same currency.  

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