Iran exchange rates

EghtesadOnline: In line with the general policy of conducting foreign exchange transactions through the banking system rather than exchange shops and stabilizing the market, the Central Bank of Iran is allowing lenders to purchase the hard currency of exporters at open market exchange rates, CBI’s head of exports department said.

EghtesadOnline: With the key promise of unifying the country's dual exchange rates lying dormant during President Hassan Rouhani's first term in office–despite frequent pledges to do so–the Central Bank of Iran's top policymaker says the issue has not been finalized and will be pursued during the administration's second four-year term.

EghtesadOnline: The unification of foreign exchange rates should be accompanied by setting real exchange rates, otherwise the plan will fail as in the past, the head of Iran Export Confederation said.

EghtesadOnline: As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market.