Now the financial regulator of the country has enabled commercial lenders to buy foreign currency on the market, and not policy rate of the Central Bank of Iran.
According to the former Deputy head of the Iranian Central Bank, Kamala sadali thus financial power of Iran, “laying the Foundation” to combine the existing two courses of real-dollar, which will lead to the discovery of a larger flow of cash into the banking system than the circulation through the exchange offices.
Dual exchange rate is seen as an obstacle restricting foreign investment in the country, which are necessary for the development of economy, the Agency said.
Central Bank of Iran wants to stop policy of dual exchange rate
22 August 2016
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The actions of the Central Bank of the Islamic Republic of Iran indicate that Iran intends to loosen control over the exchange rate of the national currency Rial, which will lead to the end of the dual exchange rate, said on Sunday Bloomberg.
