Central Bank of Iran Gives More Latitude to Money Changers

The Central Bank of Iran on Wednesday allowed currency exchange houses to sell hard currency up to €5,000 to anyone wanting to buy as the bank struggles to stabilize the foreign exchange market.  
The CBI issued a statement on its website announcing that certified exchange bureaux can sell currency in the form of banknotes to a ceiling of €5,000 or equivalent in other currencies at market rates. 
Prior to the directive, exchange bureaus could only sell currency for non-commercial needs only for 23 defined purposes. Those included currency needed for students’ tuition fees, costs of aviation companies, registration fees for international tests and fees for educational and research courses in and outside the country.