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New Restrictions on Forex Sale - Financial Tribune

November 27, 2021 23:25

New Restrictions on Forex Sale

T he Central Bank of Iran has ordered moneychangers to stop selling cheaper currency to people with unspecified needs.

It said the regulator will continue allocating forex for 25 services, asking them to sell currency based only on the buyers’ needs as specified by the regulator, the CBI website reported.

Apart from the predetermined purposes, authorized exchange shops were allowed in the past to sell €2,000 or equivalent for “other purposes” to each Iranian in one year.

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