Bourse

Forex trade rises in Tehran on back of revised policies

Financial Tribune – Latest figures from transactions conducted in the Central Bank of Iran’s online system for foreign currency deals as well as those handled by exchange shops show that both payment orders and cash deals have increased since the government revised its policies about three weeks ago.

From Aug. 6 when President Hassan Rouhani’s administration signaled an about-face in its foreign currency policies until Aug. 23, a total of €508 million worth of foreign currencies were purchased in Sana, the central bank’s online system for registering deals finalized by certified exchange bureaux.

A total of €437 million worth of foreign currencies were also sold in Sana during this period, with cash deals accounting for only 3.11% of all deals, IRNA reported.