Both Real and Synthetic Demand Exists for Currency, Analyst Says

EghtesadOnline: Market analysts have supported new rules announced by the Central Bank of Iran obliging buyers of cheap foreign currency to have forex bank accounts.

News ID: ۷۵۲۴۱۴

18 April 2023

Market analysts have supported new rules announced by the Central Bank of Iran obliging buyers of cheap foreign currency to have forex bank accounts.

Ehsan Naser, member of the Iran Chamber of Commerce in a talk with the news agency IBENA said opening of foreign currency accounts by buyers is a positive move based on market reality.

"Truth be said, we cannot ignore the root problems and need to realize that there are both real and synthetic demand for foreign currency," Naser said.

The CBI last month implemented new measures to limit the amount of forex Iranians can buy and also raised the rates.