Iran cuts forex restrictions as pressure on currency continues
Authorities say central bank will intervene to support rial
Iran’s central bank has significantly reduced the restrictions on retail foreign exchange dealers, it announced on October 3.
The liberalisation comes as Iran’s currency continues to come under severe pressure following the re-imposition of economic sanctions by the US government. Five days previously, on September 29, Iran’s official news agency announced that the country’s government had authorised the central bank to intervene on foreign exchange markets, Reuters reported. The central bank
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