Iran’s central bank increases daily cash withdrawal limits
Move anticipates increased consumer spending over Persian New Year, despite ongoing economic crisis
Iran’s central bank announced on March 11 that it would raise the limit on daily cash withdrawals from 2 million to 3 million rials ($71, according to the official exchange rate).
The change, which will take effect from March 15 until April 8, is timed to coincide with the period around the Persian New Year, which falls on March 21.
Iran has a cap on withdrawals from cash machines because the value of the rial has been falling in recent months and large-scale withdrawals would threaten the
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