The Central Bank of Iran will issue foreign currency bonds starting Saturday as a part of its plan to stabilize the chaotic forex market.
Forex will be offered at the state-owned Bank Melli, the CBI said Tuesday in a press release seen on its website.
Those interested can buy between $1,000 and $4,000 bonds with the national currency.
Contracts will have a maturity date of three-months and will be settled in cash either in US dollars or rials subject to the owners' choice and will be calculated as per rates in the regulated market, known as the Iran Currency Exchange.