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Central Bank of Iran Reactivates UAE Currency Channel

Central Bank of Iran Reactivates UAE Currency ChannelCentral Bank of Iran Reactivates UAE Currency Channel

After previously limiting foreign exchange transactions in the United Arab Emirates, the Central Bank of Iran has reportedly reactivated the remaining channels there to help increase hard currency supply inside the country.
According to a report by Fars News Agency, the move comes after the CBI wanted to completely transfer Iran's currency trading hub to Iraq but later had a change of heart. 

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