Iranian Central Bank stops flow of foreign currency to individuals (+ picture)
Some see this as a sign of foreign currency shortages in Iran and as proof that the new round of U.N. sanctions are working. Iranian Central Bank has stopped normal flow of U.S. dollar and other foreign currencies to Exchange Offices in Tehran. As seen in pictures reported by Iranian media, many Exchange offices are either closed or limit sales to $2000 only for passengers who show proof of imminent outbound travel. Long lines have formed in front of some Exchange Offices. Iran's currency (Rial) has lost about 10% of its value since last year and the currency crisis may lead to further erosion of its value.
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