The Central Bank of Iran (CBI) has injected nearly $1 billion into a secondary exchange market in the country as it seeks to stabilize foreign currency prices amid hopes that higher crude sales and better exports could boost the country’s access to hard currency.
Iran’s intelligence ministry has issued a statement saying it has dismantled a major illegal foreign currency trading group amid efforts in the country to control an exchange market where prices have fluctuated in recent months.
Currencies including the Australian dollar and the euro rose on Tuesday after US President Donald Trump accepted the start of a transition to a Biden regime on Treasury secretary.
The Central Bank of Iran (CBI) has imposed a cap on how much individuals can carry foreign cash amid efforts meant to stabilize the foreign currency market in the country.
Saudi Arabia says its budget deficit for the coming year will increase as the Arab kingdom, the world's top oil exporter, faces falling oil prices and production reductions.
Iran’s Foreign Minister Mohammad Javad Zarif says much of America’s undue economic influence will be taken away if countries stop using the US dollar in their international transactions.
Senior officials of Iran and China laid emphasis on reducing the role of the US dollar in their bilateral trade.
Iran says it is preparing to stop using the dollar in its official statements – a move that had been in the offing but appears to have been expedited after Washington included the country in a list of seven nations that are banned from entering the United States.