Interbank Forex Market by March
Interbank Forex Market by March

Interbank Forex Market by March

Interbank Forex Market by March

The Central Bank of Iran will launch the interbank foreign exchange market to prevent fluctuations in foreign exchange, CBI’s governor announced on Sunday. Valiollah Seif added that the interbank market would be used for injecting forex revenues from non-oil exports into the market. “It will also help revive banks’ role in the foreign exchange market,” the CBI website quoted Seif as saying. Back in July, the banking system was authorized to deal in foreign currencies at the open market rate. Petrochemical companies have reached an agreement with CBI to inject their export revenues into the market on a weekly basis. The CBI has injected $5.8 billion into the market recently to control forex rates.

Short URL : https://goo.gl/TamuSm
  1. https://goo.gl/Qo6oiC
  • https://goo.gl/hMLbj2
  • https://goo.gl/wU44PU
  • https://goo.gl/7kJGWp
  • https://goo.gl/igQmbz

You can also read ...

Currently, each US dollar is reportedly being traded for as much as 75,000 rials in Tehran’s black market.
Seventy days after the government decided to unify the US...
Turkey Worries Over Impact of Anti-Iran Sanctions
Turkey’s Economy Minister Nihat Zeybekci said his country “...
Gao Feng
China will maintain normal relations with Iran, the Commerce...
Fintech Event Highlights Women Business Leaders
The 5th round of Iran’s Financial Technology Event known as...
Train Fares  Rise 10%
Train fares have risen by 10% as of June 22, a member of the...
Iran’s startup ecosystem has boomed in recent years.
Privately owned Bank Pasargad is poised to increase its...
Mobile Phone Imports on the Rise
Iran’s cellphone imports bill for the first two months of the...
Iran’s Minister of Industries, Mining and Trade Mohammad Shariatmadari (L) and Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic (2nd R) address a press conference in Belgrade on June 21.
Iranian Minister of Industries, Mining and Trade Mohammad...

Add new comment

Read our comment policy before posting your viewpoints