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Euro most requested currency at Iran’s forex center

Business Materials 22 January 2013 17:36

Azerbaijan, Baku, Jan.22 / Trend F.Milad /

Iran's Foreign Exchange Center has some difficulties providing high-requested currencies, the center's spokesman Samad Karimi said on Tuesday.

"Currently the most popular currency is Euro, while requests for dollar have nearly reached zero percent," Karimi said.

Karimi had said last week that in the recent months the requests for importing goods with local currencies have been increased.

Deputy director of the Trade Promotion Organization of Iran said last week that that Iran may decide to launce new forex centers in other provinces.

The Central Bank of Iran has announced that it may approve launching new foreign exchange centers in major provinces to facilitate the process of buying dollar for importers, the ISNA News Agency quoted Kioumars Fathollah Kermanshahi as saying.

The Iranian Economy and Finance Minister Shamseddin Hosseini also said on January 14 that Iran plans to omit dollar and euro from its economic transactions in the future and rely on local currencies for trade.

The private companies have well-received the suggestion, Hosseini added.

He went on to note that following the US-generated sanctions, the Central Bank of Iran shifted its foreign exchange reserves to euro and gold which proved to be very profitable.

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