81800
CBI, Banks Buying Qatar Export Riyals
CBI, Banks Buying Qatar Export Riyals

Iranian Banks Buying Qatar Export Riyals

Iranian Banks Buying Qatar Export Riyals

Iranian banks have started buying Qatar’s riyal from exporters of goods and services to the Persian Gulf emirate, director general of Trade Promotion Organization for Iran’s Arab-African affairs said.

“After several meetings were held by traders, exporters and representatives of the Central Bank of Iran, Bank Saderat and Bank Melli Iran, the process of transferring hard currency resulting from exports to Qatar into the country were corrected and the method of setting the rate for purchasing foreign currencies from exporters were announced,” Farzad Piltan was also quoted as saying by TPO’s website.

He said that from Jan. 28, a day after CBI made the first purchase deal, Bank Saderat changed its base purchase price to the price announced by the regulator. On Monday, Qatar’s riyal gained more than 2% against the Iranian currency and was traded for 250 rials. Oman’s rial grew by more than 4%, reaching 5,000 rials. 

 

Short URL : https://goo.gl/wtAEgq
  1. https://goo.gl/6tu9Ta
  • https://goo.gl/oXnQ6K
  • https://goo.gl/r288dQ
  • https://goo.gl/4Rn5co
  • https://goo.gl/1Zums3

You can also read ...

Iraq May Become Iran's Top Export Destination
Iran's exports to Iraq have considerably increased in recent...
Gov’t Cuts Back on Spending Amid Growing Budget Deficit
President Hassan Rouhani’s Cabinet approved plans on Sunday to...
Iran Digital Payments Exceed $16b in 1 Month
Close to 1.84 billion transactions worth more than 2.44...
Tehran Mehrabad Airport Projects Worth $20m Inaugurated
A number of development projects worth 2.7 trillion rials (...
NIOC Will Issue Manfa’ah Sukuk to Fund Projects
Head of the National Iranian Oil Company said it will issue...
Iran, Pakistan Confer on Broadening Trade Relations
President of Iran Chamber of Commerce, Industries, Mines and...
Packaging Industry Facing Shortage of Raw Materials
A near fivefold rise in packing paper exports, thanks to the...
Iran Engine Oil Production Rises 24%
A total of 214 million liters of engine oil were produced by...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus