Some ATMs Offering Forex Services

Some banks are reportedly offering foreign exchange services through Automated Teller Machines. Confirming the news, Nasser Hakimi, head of Central Bank of Iran’s IT department, said the move is legal as long as bankers meet standards set by the CBI’s foreign exchange department, banker.ir reported on Saturday. The official added that the supervisory department of the central bank should ultimately approve the banks’ recent move.  Early in September, Shahr Bank announced that it has installed a foreign currency exchange ATM in Hasheminejad International Airport in the holy city of Mashhad in northeast Iran. The move comes after CBI’s July decree, which granted banks more authority to conduct forex operations. The decree allowed banks for the first time to trade foreign currency at the open market rates.