Forex

  • Head of Iran-South Korea Parliamentary Friendship Group Ruhollah Motefaker Azad in meeting with South Korea’s Ambassador to Tehran Yun Kang-hyeon said that Seoul’s blocking the Islamic Republic of Iran to have access to its forex resources is against all international trade laws.

  • Deputy Head of Iran Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA) says Iran’s frozen money in other countries stands at around $40b.

  • Governor of the Central Bank of Iran (CBI) Abdolnaser Hemmati said Sun. that the enemies are constantly plotting against the country’s local currency the rial, saying in continuation of countermeasures, an organized market will be launched within two weeks to further thwart plots.

  • The government is committed to meeting all hard currency needs, including the ones that exceed the current caps devised in the wake of the foreign exchange rate unification implemented last month, Government Spokesman Mohammad Baqer Nobakht said on Sunday.