Azerbaijan, Baku, Nov.6/ Trend G.Mehdi/
The Central Bank of Iran has required those individuals who had received dollar-based loans to repay at higher rates, the Mehr News Agency reported.
The bank has issued a communique based on which all those who had received loans from the Forex Reserve Fund based on the dollar at 10,500 rials rate during the past five years will have to repay them at the rate announced by the Forex Centre on a daily basis which is 24,950 rials.
The decision has created a wave of discontent among economic enterprises.
In response to EU sanctions, the centre was inaugurated on Sept. 24, is planning to remove the euro and some other currencies from its transaction list and replace them with regional currencies.
The government plans to use revenues from petrochemical sales and 14.5 per cent of its oil revenues to provide for dollars for the centre.
The centre allows importers of goods to buy dollars at a rate two per cent cheaper than the street rate at any given time.
The government maintains an official reference rate of 12,260 rials to the dollar, but only a limited amount of foreign exchange is available at this rate.