Iran is planning new FX rules – says will allow unlimited hard currency, gold into country

Author: Eamonn Sheridan | Category: News

Huh, that's the same rule as applies to my bank account! :-D 

Anyway, Iran trying to address the issue of its plunging local currency, this the outline of a plan announced on State TV

  • Iran's economic rescue plan to guarantee basic goods, medicine to be available at lower prices based on subsidised foreign exchange rate
  • New plan approved by Iran government to lift ban on sale of hard currency at floating rates by exchange shops for purposes including travel
  • Iran exporters will be allowed to sell hard currency to importers at free floating rate under new plan
  • Iran plan to allow unlimited entry of hard currency and gold into country

via Reuters   ForexLive

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