The Central Bank of Iran has urged people to meet their hard currency requirements through the established foreign exchange market, which consists of banks and certified exchange bureaux, announcing that it is preparing a framework to respond to all currency needs.
In a statement published on CBI's website, the bank also warned people that purchasing hard currency from the unofficial market, including street dealers, involves risks and losses.
"The Central Bank of Iran is devising an operational plan for answering all the currency needs within the formal market," the bank said on Thursday.
August 10, 2018 19:08
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Central Bank of Iran: Market Can Meet All Forex Needs
In a statement published on CBI’s website, the bank also warned people that purchasing hard currency from the unofficial market, including street dealers, involves risks and losses
CBI, under it new governor Abdolnasser Hemmati, is trying to calm the volatile currency and gold markets through market mechanisms
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