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FinancialNews


  • 28-02-23

    Iran's govt. branches hand CBI additional authorities to handle forex market

    (MENAFN) The chiefs of the three branches of the Iranian administration have accepted a resolution according to which the Central Bank of Iran (CBI) is given finish authority to take the needed actions for handling the foreign currency trading market, as reported by Tasnim News Agency.

    After the latest fluctuations in the forex market, the CBI distributed an offer package to the administration, demanding additional authorities to be capable of managing the market. The package was assessed and accepted in a gathering attended by leader Ebrahim Raisi as well as the chiefs of the administration’s two other branches on Sunday evening.

    In this concern, Iranian Finance and Economic Affairs Minister Ehsan Khandouzi informed the press on Monday that according to the stated resolution, all the nation’s industries and shipping complexes, even the administration-possessed ones, involving the oil and gas industry, are obliged to move along with the CBI’s new policies for managing forex market.

    “The central bank needed new authorities to be able to intervene effectively [in the forex market], and [to this end] this package was approved by the government at the meeting of the heads of the three branches,” Khandouzi stated.

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