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Iran central bank stops facilities to brokerage agencies

Iran Materials 7 March 2012 13:46 (UTC +04:00)

Azerbaijan, Baku, Mar.7/ Trend F.Milad/

The Central Bank of Iran has issued a communiqué instructing all the domestic banks as well as finance and credit institutions to stop offering facilities to brokerage agencies.

The central bank has said that it has put a ban on offering facilities which are related to dealing in currencies and gold coins.

The USD rate defers about 7000 rials in the official and open markets. The Iranian Central Bank set USD rate at about 12,260 rials, while it is sold at 19,300 rials in brokerage agencies.

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