Iran's capital market studies chances to use cryptocurrencies (Exclusive)

Business Materials 14 February 2018 18:06 (UTC +04:00)

Tehran, Iran, Feb. 14

By Kamyar Eghbalnejad – Trend:

Iran’s capital market is studying the ways to use cryptocurrencies, a senior official told Trend.

“I believe that the Central Bank of Iran should monitor the cryptocurrencies, we should not ignore them,” Amir Hamouni, CEO of Iran Fara Bourse (IFB), told Trend.

He further expressed hope that using cryptocurrencies would remove some obstacles regarding the activity of foreign investors in the country.

This is while, previously Iranian police in collaboration with the experts of the Central Bank of Iran have arrested 90 currency dealers amid growing currency prices.

Tehran Police Chief Brigadier General Hossein Rahimi has said that at least 10 currency exchange shops have been sealed.

According to the country’s real-time data sharing system, SANA, euro valued 59,860 rials in the free market on Tuesday, adding 1.43 percent. The Central Bank of Iran (CBI) put the official rate of euro at 45,539 rials.

The USD was quoted at 48,537 rials in the free market gaining 2.56 percent compared to the preceding day. The CBI put the official rate for the greenback at 37,019 rials.