Support for Forex Policies

EghtesadOnline: Majlis Economic Commission welcomed the new foreign exchange policies introduced by the government on August 6 and believes that these policies, along with the appointment of the new Central Bank of Iran governor, have created a new ambiance in the economy.

News ID: ۷۸۳۸۶۳

02 September 2018

Mohammad Reza Pour-Ebrahimi, the head of the commission, told IBENA that the new set of currency policies is acceptable, although some differences remain in certain areas. He added that for the currency rescue package to be effective, it should be implemented in its entirety. Among other things, the new package encourages Iranians to inject their hard cash into the economy by allowing banks to set up foreign currency savings deposits and pay interest on them with the central bank guaranteeing the returns. Hard currency for essential goods is still available at a subsidized rate of 42,000 rials, according to Financial Tribune.