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Iran Central Bank sets new measures of foreign currency control

Business Materials 10 April 2017 20:47 (UTC +04:00)

Baku, Azerbaijan, Apr. 10

By Khalid Kazimov – Trend:

The Central Bank of Iran (CBI) has put in place new foreign exchange control measures in order to restrict the amount of foreign currency people can keep or trade.

The CBI’s new regulation imposes restrictions on the volume of foreign exchange people can keep, Tasnim news agency reported Apr. 10.

According to the CBI, people are authorized to keep up to 10,000 euros or its equivalent in other currencies.

Under the new regulations, individuals should provide the officials with the required documents in order to keep more than the authorized amount.

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