Financial Tribune - Plans are underway for eleven agent banks to sell foreign currency to non-commercial, everyday purposes as part of a new mechanism to reform the volatile currency market, says Mehdi Kasraei-Pour, head of CBI's Department for Forex Polices and Regulations. Currency for non-commercial needs can be sold in two ways: cash or through ...

Press TV- Iran moved a step closer to a plan to ditch the dollar in its trade activities by announcing that purchase orders by merchants that are based on the greenback would no longer be allowed to go through import proceedings. Irans domestic media reported that the policy was in line with an official request by the Central Bank of Iran (CBI) ...