EghtesadOnline: The government earmarked a total of $12.28 billion to all import of goods and services at the unified rate of 42,000 rials during the first 45 days since it unified the US dollar's dual exchange rate, the latest data show.
EghtesadOnline: As Iran moves to unify its exchange rates, the government has announced new policies that give the banking system the prime role in the foreign exchange market.
EghtesadOnline: The government’s longstanding plan to unify Iran’s dual foreign exchange rate regime has faced several barriers, but a deputy economy minister said the plan is well and alive.
EghtesadOnline: With too many irons in the fire, the government and the Central Bank of Iran do not seem to be in the mood for making tough decisions, especially in the foreign exchange market.
EghtesadOnline: Reactions to the Central Bank of Iran’s latest directive that effectively eliminates the allocation of subsidized foreign currency to travelers and paves the way for forex rate unification have been largely positive.
EghtesadOnline: The parliament supports the implementation of the long-delayed promise to unify the country’s dual foreign exchange rates, the chairman of Majlis Economic Commission said.
EghtesadOnline: In addition to establishing ties with major international banks, the plan to unify dual foreign exchange rates requires prerequisites, the Central Bank of Iran’s former deputy for foreign exchange affairs said.
EghtesadOnline: The unification of foreign exchange rates should be accompanied by setting real exchange rates, otherwise the plan will fail as in the past, the head of Iran Export Confederation said.