Foreign currency rates rise in Iran due to FATF outcome
The USD and Euro rate have increased in Iran's foreign currency market due to FATF decision to blacklist the country.
The USD rate in the foreign exchange offices rose by 3,330 rial comparing to previous days, each dollar was sold for 140,530 rial, while Euro was sold for 150,580 rial in free market, Trend reports citing IRNA.
The official integrated foreign currency system NIMA traded Euro remittance for 140,102 rial, while USD was sold for 120,964 rial.
Financial Action Task Force, the global anti-money laundering watchdog on Friday put Iran on its blacklist after Tehran failed to comply with international anti-terrorism funding norms.
This came after Iran failed to meet the deadline set the by the watchdog at FATF’s last meeting in October to fully comply with FATF standards. FATF had then given Iran a final deadline to comply with international norms after which “it would urge all its members to apply countermeasures”.
“The FATF fully lifts the suspension of counter-measures and calls on its members and urges all jurisdictions to apply effective counter-measures,” the watchdog said in a statement published on its website.