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Iran's CB: New Route to Help Meet Currency Needs

New Mechanism for Meeting Currency Needs New Mechanism for Meeting Currency Needs

Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says  Mehdi Kasraei-Pour, head of CBI's Department for Forex Polices and Regulations.
Currency for non-commercial needs can be sold in two ways: cash or through the transfer ‘Hawala’ system

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