Iran's CB to Launch New System to Monitor Currency Allocation

The Money and Credit Council - a top decision-making body - approved a proposal by Central Bank of Iran to launch a mechanism to monitor currency allocation process for imports. 
According to the CBI website, the mechanism will be launched to avert misuse on the part of importers who took foreign exchange for imports but nothing came to the country. '
“In recent years abusers who went through the legal formalities to acquire currency didn’t import the goods for which they received currency” the CBI says.