Central bank withdraws money from Iran's banks again
Azerbaijan, Baku, April 2/ Trend M. Moezzi
The Central Bank of Iran (CBI) has again withdrawn money for the country's banks' accounts for what it calls the "currency differential," Mehr news agency reports.
In mid-March, without any prior warning, the (CBI) withdrew $3.5 billion from banks'accounts for what it called the foreign currency differential. After the banks protested the CBI returned $2.8 billion of the funds it had taken and promised to return the rest of the money.
But, the CBI withdrew the funds again in the final hours of the Iranian year which ended on March 19, saying the decision of the government's five-member currency committee was binding.
While the CBI didn't deposit the funds with the treasury the first time, it appears to have done so this time. Both Iran's Majlis (parliament) and the Supreme Audit Court have said they will investigate the bank's actions.