New Rules Allow  Direct Forex Sale
New Rules Allow  Direct Forex Sale
Thursday, May 24, 2018

New Rules Allow Direct Forex Sale

Thursday, May 24, 2018

New Rules Allow Direct Forex Sale

Businesspeople that have validated their purchase orders are allowed to directly purchase their required foreign currencies from certified exchange shops through Nima, the Central Bank of Iran's newly-launched online Forex Deals Integrated System. 

The move, which became effective as of Tuesday as per a CBI directive, means businesspeople can directly purchase their currency from bureaux de change that had been barred from trading in foreign currencies since mid-April. 
"The rate is the same [unified USD rate of] 42,000 rials and no purchases or sales will be done outside this rate," an unnamed banking official who broke the news to Mehr News website said.
Saied Mojtahedi, the head of Iranian Association of Bureaux de Change, has welcomed the CBI move to allow moneychangers to use Nima.


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/tX1cmh
  1. https://goo.gl/aCrXAt
  • https://goo.gl/x8jtUP
  • https://goo.gl/EeAAdS
  • https://goo.gl/5T2b3p
  • https://goo.gl/NK2vdi

You can also read ...

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...
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...
Mobile Phone Imports on the Rise
Iran’s cellphone imports bill for the first two months of the...
‘I Don’t Buy’ Campaign Based on False Premises
Although Iranian athletes and celebrities initiated the “I don...
Fintech Event Highlights Women Business Leaders
The 5th round of Iran’s Financial Technology Event known as...
Karbasian Discusses Slovakian Ties
During a one-day visit to Slovakia, Iran’s Economy Minister...
Train Fares  Rise 10%
Train fares have risen by 10% as of June 22, a member of the...

Add new comment