Single forex rate to be introduced after nuclear deal: Central Bank chief

Following the settlement of some international issues, unification of the multi-tier foreign exchange system will be definitely next on the agenda, said Valiollah Seif, the governor of the Central Bank of Iran.

He said that introduction of a single forex rate can best come after promotion of interaction with international banking system and brokers.

Seif predicted that introduction of a single rate will be possible almost 6 months after a nuclear deal takes effect.

By IFP