Central Bank eases currency rules for foreign trade

Financial Tribune – The Central Bank of Iran is ready to buy at negotiated rates the foreign currency of exporters whose earnings are blocked in other countries due to the US sanctions, says the CBI deputy chief for foreign exchange affairs.

As per CBI rules exporters can use their earnings to import raw material and other goods and “also can sell their forex to domestic companies introduced by the CBI to enable them import goods,” Gholam Reza Panahi was quoted as saying by the CBI website.