Iran Postpones Unification of Exchange Rates

By John Lee.

The Central Bank of Iran (CBI) has reportedly indicated that it will not be able to unify the country’s “official” and”open market” currency exchange rates by March 20, as previously planned.

According to the report from Forbes, unifying the rates has been one of the key policy goals of the Rouhani government.

But while the gap between the rates has narrowed, the official rate is currently IR32,390 to the U.S. dollar, while the open market rate stands at IR38,108 to the dollar.

(Source: Forbes)

No comments yet.

Leave a Reply