84685
Exchangers Await CBI Decision
Exchangers Await CBI Decision
Monday, April 16, 2018

Exchangers Await CBI Decision

Monday, April 16, 2018

Exchangers Await CBI Decision

Representatives of the Iranian Association of Bureaux de Change will soon hold a meeting with Central Bank of Iran’s officials to decide the fate of foreign exchange shops and the role envisaged for them. In its latest directives, CBI has announced that exchangers are prohibited from buying and selling hard currency until further notice and will strictly transfer foreign currencies received from banks certified by CBI to designated groups such as students and patients traveling overseas for health treatment. “We cannot close our eyes to currency demand for contraband and money laundering, so currency demands need to be sorted,” Saeed Mojtahedi also told IRNA in support of CBI’s move. He called on certified exchange shops that are members of his association to be patient and wait for new instructions. 

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.

Short URL : https://goo.gl/tZqfdA
04/16/2018
  1. https://goo.gl/c5SrnZ
  • https://goo.gl/PZxZR5
  • https://goo.gl/aeryL1
  • https://goo.gl/VpRWNm
  • https://goo.gl/rSE5rj

You can also read ...

Stadler Rail’s business with Iran is worth billions of Swiss francs.
In early March, the Swiss Embassy in Tehran gladly announced a...
Iran to Increase Exports to US Despite Sanctions
A senior Iranian trade official has announced that the country...
Grab Clinches Deal With HSBC
Ride-hailing startup Grab has secured a $370 million five-year...
Gov’t Limits  Forex Supply  to Importers
The government has curbed the allocation of foreign currency...
Trends in Housing Sales, Rents
The Statistical Center of Iran has presented crucial data...
Iran Proposes to Set Up IMO Offices in West Asia
The Ports and Maritime Organization of Iran has announced its...
Audi CEO Arrested Over Diesel Scandal
Audi CEO Rupert Stadler was arrested in Munich on Monday in...
Over 2.55 billion shares worth $169.2 million were traded at TSE on June 18.
Tehran stocks showed no signs of backing down on their rally,...

Add new comment

Trending

Googleplus