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News > Iran forex exchange underway in euro (09 August 2017)

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Iran forex exchange underway in euro (09 August 2017)

As for Irans forex exchange in dollar, the minister said there are restrictions to this end but the existing problems are not related to the nuclear sanctions but to the bans imposed on Iran for other reasons in the past, the minister told reporters. The European banks which have close cooperation with American banks based on dollar, have faced some limitations for working with their Iranian counterparts, the minister noted. He stressed that Irans forex exchange is mostly being madde in euro. Expenses of Irans forex exchanges have remarkably reduced after removal of anti-Iran sanctions following implementation of the Joint Comprehensive Plan of Action (JCPOA) on January 16, 2016.

Source: IRNA- Date: (09 August 2017)

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