Home Forex Market Iran's CB Adjusts Cap on Future Regulated Forex Market – Financial Tribune

Iran's CB Adjusts Cap on Future Regulated Forex Market – Financial Tribune

1 min read
0
2

With the aim to facilitate trade in the anticipated regulated foreign exchange market, the Central Bank of Iran raised the ceiling of planned daily forex trade fivefold. 
According to a CBI notice, the maximum cash dealing will increase to € 50,000, or equivalent in other currencies, from the previously announced € 10,000. 
“The move is to help facilitate foreign currency transactions conducted on the electronic platform among forex market brokerages,” the notice reads.    

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Let’s block ads! (Why?)


Source link

Comments are closed.

Check Also

Forex Today: Gold smashes $2,000, dollar depressed, two Non-Farm Payrolls hints eyed – FXStreet

Here is what you need to know on Wednesday, August 5: Stocks, bonds, and precious metals a…