84737
Exchangers Not Going Away
Exchangers Not Going Away
Tuesday, April 17, 2018

Exchangers Not Going Away

Tuesday, April 17, 2018

Exchangers Not Going Away

The governor of the Central Bank of Iran emphasized the role of moneychangers in the foreign exchange market, saying that the regulator is not seeking to remove them from the Iranian economy. Valiollah Seif, who was meeting with the presiding board members of the Association of Bureaux de Change Operators of Iran, pointed to the importance of exchangers’ experience at the time of sanctions and said it is in the national interest to support moneychangers.  He strongly denied claims that CBI intends to close the exchange shops and added that a new model is being defined for these entities. “At present, there are two roles for exchangers: one is to transfer cash and the other is to buy the hard currency of exporters,” he was quoted as saying by the government’s official website. In the wake of the new forex measures, CBI had earlier announced that all importers should get their hard currency from the banking system and if banks have any difficulty in cash transfer, then the duty will fall to certified exchange shops. 

Premium

To continue reading this article log in to your account, or join us now and get a free trial which includes access to this specific story.

You will not be charged for your trial and there is no obligation to purchase.

Create an account or sign in

Short URL : https://goo.gl/ug31PW
04/17/2018
  1. https://goo.gl/7ayh9e
  • https://goo.gl/jap5oX
  • https://goo.gl/ojoZFj
  • https://goo.gl/ufCRAf
  • https://goo.gl/T66ywB

You can also read ...

Online Forex System to Help Promote Transparency
Governor of the Central Bank of Iran has provided further...
TCCIM chief, Masoud Khansari (C), meets Sweden’s Ambassador to Iran Helena Sangeland in Tehran on April 18.
As a Swedish business delegation met with their Iranian...
Capital Intelligence participated in a gathering hosted by the Center of Investment and Consultancy Services  in tehran on April 21. (Photo: Saeed Ameri)
Having entered a new era after the lifting of most sanctions...
Banks to Decide FX Deposits’ Interest Rates
The Central Bank of Iran has focused on encouraging people to...
JP Morgan Sees Headwinds for Tesla Shares
Tesla’s electric car sales will suffer due to increased...
Several lines of the subway network are still under construction.
Allocation of 7 trillion rials ($166.6 million) worth of bonds...
Opel’s owner PSA aims to eliminate 3,700 jobs under a program of voluntary departures.
Planned job cuts at carmaker Opel will save enough cash to...
PTA With Turkey Not in Iran’s Interests
Iran’s economic interests have not been incorporated in its...

Add new comment

Trending

Googleplus