Restrictions on the sale of gold export currency were lifted

Restrictions on the sale of gold export currency were lifted

The deputy head of Iran’s Trade Development Organization announced the government’s decision to boost gold exports, saying: “From now on, gold exporters can sell export currencies to banks at the free market rate.” Mohammad Reza Maududi informed of the government’s decision to lift the restriction on the sale of foreign exchange from gold exports by exporters and said: Return the goods to the country through the bank; Therefore, the banks bought the resulting dollars from the exporter at the official rate of the Central Bank, which is the exchange rate, and delivered them in Rials in Iran, while this restriction has been removed by a new government decision.

The deputy head of Iran’s Trade Development Organization added: “In fact, in the past, exporters had to sell the currency from gold exports to banks at a rate of 300 to 400 tomans per dollar exchange rate relative to the free market rate. Reduced exports through official sources, including exchange offices and banks. He added: “Accordingly, with the negotiations that took place, it was decided to reform this method and if the exporter sells the currency from his export through the banking system or exchange offices, he will receive the free market exchange rate from the bank, which The decision was made in late 1994.