Azerbaijan, Baku, Oct. 5 /Trend S.Isayev, T. Jafarov/
Iran's Central Bank has freezed around $50 million of Iran Shipping company's assets, company's managing director Mohammad Hossein Dajmar said, ISNA reported.
Dajmar noted that the reason for the CBI blocking company's assets is the unstable currency rate.
"The CBI announced that it would give the company's money out in rials (1220 rials per dollar), not in USD. The company has declined to accept the offier," Dajmar said.
He added that company's revenues came from various goods and passenger transportations, and the issue with frozen account is creating a lot of problems for Iran Shipping.
Yesterday Iran's Central Bank dropped the exchange rates for the foreign currency it sells at a new foreign exchange center.
The Iranian government launched the Iran Forex Center officially on September 24 in an unsuccessful effort to stop the rial's plunge in value.
However, despite the government's attempts to stabilize it, the rial lost as much as 40 percent of its value over the course of several days this week.
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