The governor of Iran’s Central Bank Abdolnasser Hemmati says the foreign exchange offices are now allowed to import foreign currency notes to the country.
In addition to foreign exchange offices, he said, exporters are also authorised to import part of their export revenues in the form of banknotes under the supervision of the Central Bank.
In an interview with Eghtesad Online, Hemmati noted that 2.5 billion euros has been allocated for the import of essential goods and factory supplies.
The decision by the Central Bank comes as the Iranian rial has plunged to its lowest rate against the US dollar within the last few weeks, traded at over 120,000 rials.
The official dollar exchange rate, however, remains at 42,000 rials for vital imports such as medicine and food.
A secondary market has also been opened by the Central Bank, in which the country’s exporters put on sale their forex revenues at rates under 100,000 rials.
The spokesperson for Iran’s Judiciary announced that two detained Iranian journalists, convicted of collaborating with…
An Iranian court has sentenced three individuals affiliated with Israel to death after they were…
Iranian Foreign Minister Seyed Abbas Araghchi has warned that Tehran will give a proper response…
A spokesperson for Iran’s Judiciary announced that Jamshid Sharmahd, leader of the “Tondar” terrorist group…
Israel's Prime Minister Benjamin Netanyahu has proposed offering Hamas “several million dollars” for each Israeli…
Israel’s military is facing a critical manpower problem as it runs short of thousands of…