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Import Firms Obliged to Declare Origin of Currency for Payments

Import Firms Obliged to Declare Origin of Currency for Payments
Import Firms Obliged to Declare Origin of Currency for Payments

The Central Bank of Iran on Sunday banned companies from importing goods without declaring the origin(s) of their foreign currency. 
In a press statement seen on its website, the CBI said that the prohibition is based on a decision by the Headquarters for Countering Sanctions of the National Securities Council. 
Elaborating on the provisions of the new directive, the CBI said importers must use forex whose origins are transparent, adding that they must clearly identify the origin of the money to be able to import. 

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Good decision to prevent money laundering

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