CBI issues statement on recent developments at FOREX Market

TEHRAN, Aug. 12 (MNA) – Central Bank of Iran (CBI) on Saturday night issued a statement on the recent developments at the Foreign Exchange Market according to the government’s new currency package.

The statement is read as follows, “with the implementation of the government’s currency package, any transaction of foreign currency by importers, exporters and moneychangers has been authorized at the FOREX Market at the negotiable price, so that the Secondary Foreign Exchange Market, which is the wholesale market of currency for the provision of goods required in the country, has been established by the majority of currency activists in the country. In addition, the rate envisioned at the Secondary Market has been obtained without interference of the Central Bank of Iran (CBI), so that discovery of exchange rate will be continued at the Secondary FOREX Market naturally.

“People should be ensured that all demands for the provision of staples, basic commodities and drug will be met with the governmental exchange rate at 42,000 rials. According to the new currency package offered by the government, FOREX and exchange shops can embark on transacting currency within the framework of the directives issued by the Central Bank of Iran (CBI). In addition, the price of currency, obtained from total transactions conducted at the FOREX shops, can be visited on the following website: http:///www.sanarate.ir.

“On the other hand, Central Bank of Iran (CBI) announces that a part of currency demand is related to the natural needs of people for maintaining value of asset.”


News Code 136646


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