Economy, Business And Markets

$22b in Illegal Transfer

$22b in Illegal Transfer$22b in Illegal Transfer

A top central bank official has confirmed speculation that the previous government and the bank were involved in illegal transferring of around $22 billion in foreign currency out of Iran between 2011 and 2013. “Documents of the involvement are available at the Central Bank of Iran (CBI),” Akbar Komijani, deputy governor of the bank, said, as reported by Tasnim news agency. The previous government saw it necessary to sell billions of dollars to bureaux de change in Dubai and Istanbul to stabilize the volatile foreign currency market, the report said. Earlier this month, Vice President Es’haq Jahangiri revealed the news in a meeting at Iran’s Chamber of Commerce.