Economy, Business And Markets
0

CBI Pushing for Rate Unification Despite Forex Volatility

CBI Pushing for Rate Unification Despite Forex Volatility CBI Pushing for Rate Unification Despite Forex Volatility

The Central Bank of Iran is working to fulfill the longstanding pledge of unifying the dual foreign exchange rates, despite recent volatility that unsettled the currency market. 
Valiollah Seif, the CBI chief, was also quoted as saying by ICANA, the news agency affiliated with the Iranian Parliament, that central bank aims to further reduce the number of goods eligible to receive official currency for ditching the dual forex regime.
The governor noted that in order to set the stage for implementing rate unification, banking relations should improve. 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com