First Vice President Es'haq Jahangiri announced that the new foreign exchange plan, which is intended to address the recent volatility in the currency market, has been approved by the High Economic Council and will be formally unveiled on Monday.
Jahangiri told IRIB news agency that the plan is in line with preparatory measures ahead of the first batch of US sanctions that will target the country's economy on August 6.
He said the details of the plan will be announced by the newly-appointed Central Bank of Iran Governor Abdolnasser Hemmati.
August 04, 2018 19:50
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Iran's Forex Plan to Be Unveiled on Monday
Details of the plan will be announced by the newly-appointed Central Bank of Iran Governor Abdolnasser Hemmati
The new measures are widely believed to expand the Secondary Forex Market and probably allow exchange shops to trade in currencies again
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