9440
New Bureau de Change Regulations
Economy, Business And Markets

New Bureau de Change Regulations

The Central Bank of Iran issued new foreign exchange market regulations on Tuesday. The regulations pertain to the activities of bureaux de change. The CBI kept the ban on online currency trading as well as trading of currencies by entities or people without a bureau de change permit. Bureaux de change working hours are set between 10:00 am and 18:00 pm, according to the new regulations. All transactions in excess of $10,000 must be simultaneously registered in Sana system – an info system run by the CBI. Bureaux de change have until the end of the day clear the transaction. Trades below $10,000 can be registered at the end of the day but the transaction must be done right away. Iranian Association for Exchange is obligated to announce the weighted average of all currency transactions on an hourly basis.

Short URL : http://goo.gl/oUnYB8

You can also read ...

Turkey to Defy US Sanctions, Maintain Trade Ties With Iran
Turkey intends to defy US President Donald Trump and continue...
An Iraqi peddler displays Iranian currency for sale in the capital Baghdad on Aug. 9.
Iraqi Prime Minister Haider al-Abadi has raised the level of...
CBI Delivering 2.5m Presold Gold Coins
The Central Bank of Iran has started the delivery of 2.5...
Google Rolls Back Android Messages to Old Design
On Thursday, it looked as though Google was starting to roll...
Iran Chamber of Commerce Urges FATF Compliance
Iran Chamber of Commerce, Industries, Mines and Agriculture,...
Private Housing Investments Rise
The uptrend in private sector investments in the housing...
New Foreign Exchange Policy:  Exporters’ Savior or Bane?
The new forex policy, announced last week by the Central Bank...
Hoarded Goods Worth $40m Confiscated in Tehran
Essential goods worth 3.2 trillion rials (around $40 million)...

Trending

Googleplus